#以太坊投资机会 BitMine added 102,259 ETH in the past week, with a total holding approaching 4% of Ethereum's supply. This data point is worth noting.

From on-chain fund flows, sustained accumulation by large institutions usually indicates confidence in the asset's fundamentals. More importantly, the "HODL" stance mentioned by Tom Lee—not selling—reflects strong conviction and also sends an important signal: if ETH is staked, generating a net income of over $1 million daily, this revenue structure is highly attractive to institutions.

The market's recovery trajectory after the October bottom is gradually being confirmed. With an asset volume of $13.2 billion and ongoing accumulation, it suggests that institutional expectations for the 2025 policy environment and industry development are heating up. The key points to monitor at this stage are: first, changes in on-chain liquidity of ETH; second, the speed of staking ratio increase; third, whether the accumulation pace of treasury companies like BitMine can be sustained.

While capital inflows are indeed improving, more on-chain indicators are needed to verify the sustainability of this recovery.