2026-01-05 10:00:26

#数字资产动态追踪 The institution's cost line is being repeatedly tested by waves of market fluctuations.

On-chain data has provided an interesting signal. A leading institution has been gradually accumulating 48,588.72 ETH since October last year, at an average cost of $3,479, spending a total of about $169 million. Sounds like a lot? Here's the question—

What does this mean? A simple calculation shows that ETH needs to rise another approximately $322 for their position to break even. In other words, the current price hasn't yet allowed them to taste the sweetness.

From BTC and ETH to SOL, recent market volatility has been testing the psychological defenses of these large holders. Can you say they are bottom-fishing? Maybe. But more likely, they are telling the market with real money—that they believe this rebound story is not over yet.

ETH-1,8%

BTC0,06%

SOL1,15%

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TokenomicsPolice

· 19h ago

$169 million still not recovered? How strong must this institution's mentality be? If I had gone bankrupt early, haha

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SchrodingerPrivateKey

· 01-07 00:18

Hmm... the institutions are really trapped this time. It takes 322 dollars to break even. How strong must their mindset be?

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EntryPositionAnalyst

· 01-05 10:30

Big institutions are still holding on, the $322 space is right there... this is uncomfortable.

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Blockchainiac

· 01-05 10:30

这机构挺狠的，1.69亿硬生生砸进去，现在还得等涨322刀才能回本...说白了就是在赌反弹呗，真敢啊

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YieldWhisperer

· 01-05 10:27

哈哈机构也有被套的时候啊，1.69亿美元还得等322刀才能回本，这心态得多强啊

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gas_fee_trauma

· 01-05 10:22

169 million invested and still not break even? Haha, this is the fate of institutions. They are truly battered by the market repeatedly. This wave needs to rise to $322 to break free. I bet their mentality is already half collapsed. $322 is easy to say, but hard to achieve... Let's see how long their confidence can last. Institutions are just like us, trapped in the market, just with an extra zero in the number. The rebound story isn't over yet? How many times do we need to hit $322, brother?

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SolidityStruggler

· 01-05 10:06

Hmm... 169 million invested and still not break-even, how strong must that mentality be? Why is the selling pressure so high? The institution's cost line has really become an ATM. $322, it still feels far away, no hope in the short term. Confidence, you see, has to be spoken with money. They are betting that we will chase the high. Wait, when is this data from? Could it already have broken even?

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BearMarketSunriser