#美联储政策影响 Seeing BitMine's recent operations, I need to analyze calmly. The pace of increasing holdings has doubled, and the scale has exceeded 10 billion USD, which is indeed impressive. However, those who have experienced several cycles understand that large institutional layouts are often a double-edged sword.

The reasons mentioned by Tom Lee sound reasonable: the Federal Reserve's interest rate cuts, technological upgrades, and enough time away from the clearing shock. The question is, will these reasons become the material for the next round of public opinion hype? I have seen too many times that "fundamental positives" turn into "preparation for harvesting retail investors."

It is not that ETH has no opportunities, but one must be wary of the following points: First, large institutions can indeed drive up prices, but that does not mean the bottom is set; Second, the actual effects of the Federal Reserve's policies often take 3-6 months to manifest, no matter how loudly they are touted now, it ultimately depends on the data; Third, a large institutional holding does not mean a high exit cost— they can cash out in batches, and there is a high possibility that retail investors will take over.

My suggestion this time is: observe without chasing the rise, and consider participating only after confirming the support level. Don't FOMO just because of institutional actions; this is the most common trick to cut leeks. If the fundamentals are good, you can allocate in batches, but don't shoot all your bullets at once. Living longer is more important than making quick money.