ETH is being stuffed into warehouses by institutions: is it a faith deposit or capital hostage?

Seeing the "Ethereum Reserve Company + ETF has accumulated 10 million ETH"
When many people hear "ETH", their first reaction is: the bull market is coming! But from another perspective - what is this thing, exactly? Is it "faith deposit" or "capital hostage"?
First, let's look at the optimists: institutions are hoarding coins like crazy, indicating that the value logic of Ethereum has been certified by Wall Street. It is no longer a dream of a niche geek, but a legitimate asset that has entered the mainstream. Just like the gold ETF back in the day, turning bars of gold into tradable products, instantly creating countless buyers.

But pessimists remind us: don't forget, institutions are not philanthropists. The more they buy, the more ability they have to manipulate the market. While small retail investors are excited about "ETH flying high", they might be discussing in the boardroom: "Should we crash the market to scoop up some liquidity?" From this perspective, 10 million ETH is like the market's "hostage", with institutions holding the knife, ready to harvest at any moment.

However, that being said, the long-term trend remains positive. Because institutional buying itself is a signal: they cannot hold hundreds of billions in chips to gamble on a "short-lived bubble." The more realistic logic is: since the positions are held, it will inevitably promote compliance and drive applications, ensuring that ETH becomes increasingly "valuable."
In summary: Behind the 10 million ETH is a clash of power and belief. For ordinary investors, the only strategy is to not get scared away, nor to blindly chase highs, but to patiently follow the "patience of capital". #机构以太坊储备破1000万枚 #Strategy放宽股票出售规则