#以太坊行情解读 ZEC, UNI, ACH have shown interesting performance recently, but what is more worth following is what is happening on the Ethereum side.

The ETH supply ratio on exchanges has dropped below 8%, a situation we haven't seen since 2015. Bitcoin is similar, with only about 2.75 million coins left on exchanges. Have you felt it—this is not something small retail investors can do; rather, it indicates that large funds are quietly preparing to hoard and lock up coins.

Why should we follow this? Because tightening liquidity means there are fewer sell orders in the market, making it easier for any buy orders to push up the price of the coins. At the same time, the ongoing spot ETFs for Bitcoin and Ethereum continue to attract traditional funds into the market. Once these incremental funds are concentrated and released, combined with the currently scarce liquidity environment, it could be a trigger for an explosion.

But it must be made clear here - during a bull market, retail investors are most likely to fall into three traps: frantically chasing highs because they see others making money, panicking and missing out due to minor fluctuations, or frequently changing positions in the hope of making quick profits. Statistics show that nine out of ten people who operate this way end up losing money.

The opportunity is still brewing, but the risks are also present. Are you ready?