Open the news, and it's all about the strategic reserve increases, from $BTC to $ETH and then to $BNB, institutions are all buying up.
Hong Kong stocks are also starting to copy the homework— Hong Kong's Yunfeng Financial has officially announced the purchase of 10,000 $ETH at an average price of $4,400, with a total value of about 44 million USD.
$ETH just hit an ATH, and buying in at an average price of 4400 indicates that institutions see this as just the starting point, or perhaps it's just a big retail investor chasing the high.
However, as a bunch of valuable coins like $BTC/$ETH/$BNB are being strategically reserved and locked by institutions, it will be even harder for altcoins to make a comeback in the future; the balance of funds has completely tilted.
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