The story of #大户持仓动态 ETH starting from the UK court with $8500+

Recently, a significant ruling came from London: Ethereum has been officially recognized as "property" in legal terms. This seems like just a definition on paper, but it actually breaks the identity dilemma of crypto assets that has persisted for years—transforming from the vague "virtual assets" into a legally protected category of assets.

Why is this so appealing?

**The first reason is straightforward**—the compliance door is now wide open. What institutional investors fear most is not volatility, but legal risks. This determination by the UK has directly eliminated the barriers to allocation. Other major financial centers in Europe and the United States are likely to follow suit, which means that the entry channel for traditional capital has been completely cleared.

**On-chain data tells another story**. Recently, whales have been frequently transferring funds and restructuring large holdings; these signals usually do not lie. When large amounts of capital move quietly, it often means that something is about to happen.

**The imagination space for spot ETFs has also been opened up**. Once the legal identity is confirmed, the approval barriers for spot ETFs will be significantly reduced — this is the way traditional investors are most familiar with getting on board.

What are the expectations given by the market? In the short term, analysts are already calling for $8500+. Looking at a longer cycle, a trillion-dollar market cap valuation is not unfounded.

The question is: Are you ready?