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# 大漠茶馆
371
DesertBrother
[ETH July big pump 60%, who is behind it?]
Many people think the bull market has returned, but this round of market activity is not driven by technical breakthroughs or an increase in on-chain activity, but rather a capital bull market dominated by Wall Street.
📊 The data is straightforward.
In July, the ETH spot buying volume added approximately 1.8 million coins across the network.
More than 70% comes from US stock spot ETFs and listed token companies.
Retail investors added only about 100,000 pieces.
Entering August, ETH continues to rise, having broken through 4,300 USD at the beginning o
View OriginalMany people think the bull market has returned, but this round of market activity is not driven by technical breakthroughs or an increase in on-chain activity, but rather a capital bull market dominated by Wall Street.
📊 The data is straightforward.
In July, the ETH spot buying volume added approximately 1.8 million coins across the network.
More than 70% comes from US stock spot ETFs and listed token companies.
Retail investors added only about 100,000 pieces.
Entering August, ETH continues to rise, having broken through 4,300 USD at the beginning o
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