Yesterday, the Ethereum ETF, for the first time, had a single-day net purchase volume that exceeded the Bitcoin ETF. In the past few days, Ethereum-related altcoins including LDO, CRV, OP, and PUFFER have also rebounded.

Let me tell you what I heard.

1. Some time ago, some whales and OGs deposited large amounts of ETH to Kraken not to dump the market, but to trade over-the-counter to institutions that are optimistic about Ethereum

2. Several institutions I know have been selling SOL at high prices for E this month.