According to external sources, Tom Lee, a co-founder of Fundstrat, has recently again expressed optimism about the Etherwood, arguing that there is still room for ETH relative to TTco in the coming years. He viewed the ETH/BTC ratio as an important indicator of changes in the encrypted market structure.

Lee bet a new round of demand sources.

Lee indicated that the next wave of power to drive the ETA could be larger than previous rounds of encryption cycles. The main line between 2017 and 2018 is the issuance of tokens, and between 2020 and 2021 is the rapid expansion of NFT and decentrization applications. In the recent period, stable currency growth has become an important source of activity for the Taifung and other smart contract networks.

In his view, the promotion of asset monetization on Wall Street in the coming years and the introduction of block chains by AI agents with autonomous enforcement capabilities were even more noteworthy. These two types of needs, if they continue to expand, may lead to new chain-based trading and settlement activities.

ETH/BTC ratio exceeded long-term repression

As at the time of the release of the report, the ETH/BTC ratio, 0.0294, was breaking the long downward trend that had persisted over the past few years. In Lee ' s view, this ratio reflects not only the relative strength of the ETA as compared to the value of the currency, but also the changing market demand for smart contract networks.

He had also previously indicated that the Etheraf had the opportunity to become a clearing house for the future financial system. If real-world assets, such as equities, bonds, funds, and so forth, move more towards chain distribution and circulation, the demand for the use of the faraway infrastructure may increase.

BitMine revealed the size of the holdout

Bitmine disclosed on 17 August that the company held 5.8 million ETHs, or 4.8 per cent of the total supply of 120.7 million in the Ethera. At ETH 1893 US dollars per unit, this portion of the warehouse value is approximately $111 billion.

The company also indicated that an additional 9926 ETH were held during the previous week. This disclosure provides the market with an institutional and silo-based reference, as well as a greater focus on the long-term positioning of large-scale funds.