Tom Lee's BitMine fund has just invested $88.1 million to build a position in Ethereum. What signal does this big move release? From on-chain data, such institutional-level spot purchases usually indicate an optimistic expectation for the short-term market. Although the scale of $88.1 million may not directly shake the market, from a psychological perspective, the holdings behavior of well-known investors often reinforces market sentiment. As the second-largest public chain ecosystem, Ethereum has always been a key focus for institutions allocating encryption assets. This transaction reflects the recognition of large funds regarding Ethereum's fundamentals in the current market environment - whether it is the development of ecological applications or the expectations for staking returns. It is worth paying attention to whether similar actions will trigger more institutions to follow suit.