#以太坊生态发展 BitMine's recent moves are worth analyzing. 4 million ETH, accounting for 3.37% of the total supply, this scale is no longer at the retail level—large institutional holders' positions often reflect deeper market insights.

The key lies in their accumulation pace: surpassing 4 million in 5.5 months, with nearly 100,000 ETH added in a single week last week. This is not blind bottom-fishing but a planned asset allocation against the backdrop of the continuous evolution of the Ethereum ecosystem. While terms like DeFi frontier and tokenization transformation may sound abstract, the reality is that the demand for ETH as an ecosystem foundational asset is genuinely growing.

From a follow-trade perspective, the holdings movements of large institutions are often more informative than short-term price fluctuations. They won't change their stance due to a week or two of volatility; this steady accumulation reflects their judgment of medium-term trends. If you're observing traders based on the ETH ecosystem, their operational logic may also implicitly contain this long-term optimistic outlook.

However, a reminder: institutional optimism does not mean chasing the rise immediately. The key is to understand why they are increasing their holdings and at what point they will cut losses. These details can help you optimize your follow-trade strategies and avoid blindly copying. In practice, patience to wait for confirmation signals often yields better profits than rushing in.