Nuclear-grade signal! The proportion of Ethereum holdings within exchanges has dropped to just 8%, and Bitcoin is down to only 2.75 million coins—history shows that every time exchange reserves are depleted, a bull market follows.

Key data: Ethereum holdings have fallen to the lowest level since 2015, and Bitcoin reserves are also continuously decreasing. This indicates that market liquidity is being rapidly drained, not due to retail investor behavior, but because institutions and large holders are accumulating.

Even better news from Wall Street: US banks announced that starting in 2026, their wealth advisors will be able to directly recommend Bitcoin and Ethereum ETFs. Buying momentum continues to pour in, and tradable assets are becoming increasingly scarce, triggering a supply and demand conflict.

But stay alert: Bull markets often cause most retail investors to lose money—the better the market, the more human weaknesses are exposed.

Typical traps:

· Panic selling during dips, hesitation and missing out during rallies;
· Greed makes you think you're smart, but during corrections, self-doubt takes over;
· Envy of others' gains leads to frequent trading, ultimately ending in losses.

Bull markets do not save; they only liquidate. Those who truly profit tend to hold calmly.

Current priorities:
Hold steady main positions, and buy the dip in $BNB, ETH, and BTC gradually.

Technical upgrades, reserve depletion, and macro favorable conditions create cyclical resonance. When these factors align, Ethereum breaking through $8,500 might just be the beginning.