Bitcoin's performance is eye-catching, and Ethereum's data is also impressive. Recently, ETH's capital inflow has been strong, reaching about a quarter of BTC's capital scale. This surge of enthusiasm is indeed interesting. The two institutions, BlackRock and Grayscale, have been the most active in increasing their holdings, and their position changes often reflect the true market demand. However, upon closer inspection, this wave of accumulation is more of a follow-the-trend behavior—an old pattern of chasing gains and selling losses. Investors see the market rising and follow suit, but that doesn't necessarily mean they are truly optimistic or making long-term plans. The trend in the next few days should reveal the clues, and then it will be clear.