#数字货币市场调整 Recently, an interesting phenomenon has emerged in the market - traditional financial institutions seem to have suddenly woken up. A leading exchange announced a few days ago that it has included BlackRock's BUIDL fund in the collateral list. This may sound ordinary, but the actual significance is substantial: those suited guys on Wall Street have finally found a legitimate way to enter the market.

The on-chain data is even more magical. A mysterious whale swept up 251 Bitcoins in six hours and now holds 4169 Bitcoins, which is worth over 400 million dollars at current prices. This kind of buying behavior is either extremely bullish or indicates that they know something we don't. The listed company ETHZilla has also been active, accumulating a position of 102,000 ETH and using 46 million dollars to repurchase its own stock—this operation looks like a signal to the market.

Goldman Sachs and Millennium Management, such established institutions, have also started to take action, acquiring 42.3 million and 33.9 million shares of BlackRock's Ethereum ETF, respectively. To be honest, the fact that these traditional hedge funds can allocate such large positions indicates that their internal understanding of crypto assets has completely changed.

A few days ago, Robert Kiyosaki, the author of "Rich Dad Poor Dad," publicly stated that he would wait for the market to stabilize before increasing his Bitcoin holdings. Michael Saylor from MicroStrategy was even more direct, indicating that the company would continue its daily purchases. A consensus among wealthy individuals is taking shape.

The most ruthless has to be the "Seven Brothers" alliance, which has been bottom-fishing since October and has already invested $174 million to buy 49,000 ETH. Although the paper loss is close to $19 million, they borrowed another $11 million USDS yesterday to continue their all-in strategy. This mentality is definitely not something retail investors can compare to.

The boundary between traditional finance and the crypto world is being blurred by capital. The question is, is this wave of institutional entry the starting point of a bull market, or the final leg? $BTC $ETH