#以太坊大户持仓变化 $ETH $XRP $DOGE

The three major cryptocurrencies are all making efforts, and the crypto market is fully recovering

The recent week’s changes in the crypto market are quite interesting. The total market capitalization has surpassed $3.65 trillion, with 24-hour trading volume skyrocketing by 47% to $208.2 billion. This is not a false hype—funds are truly flowing back.

**Ethereum: Institutional Lock-up + ETF Dividends Double Drive**

Ethereum has risen 16% since the beginning of the year, a much better performance than Bitcoin’s 6.7%. On Monday night, it surged to $3,250, hitting a three-week high. What’s behind this push? Institutions are staking aggressively. BitMine alone staked an additional 82,500 ETH on January 3rd, accumulating over 540,000 ETH in two weeks, worth more than 1.7 billion RMB. The ETH waiting to be validated on the Beacon Chain has already piled up to 1.3 million, but the exit queue has been cleared—this indicates everyone is rushing in, with no one in a hurry to exit.

Even more impressive is Grayscale’s pioneering of spot ETF staking dividends. The combination of institutional funds and product innovation has truly solidified the trend reversal for Ethereum.

**Dogecoin: Technical Barrier Holds, Bulls Not Retreating**

Dogecoin is holding firmly above $0.15. The 100-hour moving average and the bullish trendline form a strong barrier, RSI has returned above 50, and MACD bullish momentum is starting to build. From a technical perspective, short-term targets are in the $0.155–$0.175 range, with $0.145 as the last line of defense. This is not bluffing—bullish momentum is still accumulating.

**Ripple: ETF Frenzy + Supply Exhaustion Create a Perfect Storm**

Ripple has surged the most this week, soaring 31% over the past 7 days, with an 11% increase in the last 24 hours, directly surpassing BNB to rank fourth globally. Wall Street whales are rushing in—on January 5th, the net inflow of spot ETF funds alone was $46.1 million.

What’s even more interesting is the supply side. XRP reserves on exchanges have fallen to a new low in 8 years, decreasing by 57% since October last year. What does this mean? Everyone is hoarding, and circulating supply is shrinking. Under the reversal of supply and demand, the daily chart has already turned bullish, with the A/D indicator expanding and upward momentum extremely strong.

**Deeper Logic**

The rise of these three coins seems to have different reasons, but fundamentally they all point to the same thing—funds are truly flowing back into the crypto market. Ethereum is stabilizing through institutional lock-ups and product innovation, Dogecoin maintains bullish enthusiasm through technical support, and Ripple is driven to new heights by ETF inflows and shrinking supply.

It’s easy to analyze any one coin, but all three moving forward together is the clearest early sign of a bull market. Market enthusiasm, trading volume, and capital scale—all indicators are singing the same tune.