Last night, ETH experienced a plummet that caught many people off guard. The 24-hour drop was 3.75%, with the price hitting 2833 USD. This fluctuation has indeed caused quite a stir in the market, and some are beginning to worry whether the market adjustment will evolve into a larger change. However, from the perspective of institutional movements, things may not be that simple.

The core contradiction in the current market is right there: on one side is the confidence of institutions in the long-term outlook, while on the other side is the uncertainty brought about by short-term fluctuations. The most interesting thing is that in this fluctuation, we can see what institutions are doing.

According to on-chain data, the entity BitMine related to Tom Lee has quietly increased its holdings by 48,049 ETH, estimated at about $140 million at the current price. This action is significant — institutions are not in panic but are instead positioning themselves at low levels. Their logic is clear: the core position of ETH in the blockchain financial ecosystem has not shaken, and the current valuation is an entry point. This is not a retail follow-the-trend operation, but an institutional judgment of long-term value.

From a technical perspective, the 6-period RSI has plummeted to 21.84. What does this number indicate? An RSI below 30 is an oversold signal, and 21.84 means that the market has indeed reached a state of extreme pessimism in the short term. This extreme situation is often a turning point for market sentiment.

Connecting these pieces of information, institutions are increasing their positions, and the technical indicators are flashing oversold signals. This wave of Fluctuation resembles a game rather than a panic-induced crash. For those who can see clearly, this is rather a window to understand the market's true sentiments.