Nothing else Boss Yi, otherwise, let's learn more Or hire a couple of finance kids In order to liquidate $5 billion Pay attention to the money after leverage The actual margin is much less than 5 billion Ethereum has the potential to rise to $4,000 But the momentum of the rise is definitely not for the 5 billion liquidation It is said that what BlackRock bought is stronger than the 5 billion liquidation theory Let's calculate how much actual net inflow is needed to get to 4000 The price rise of the currency does not require the same amount of capital to pour in, because the market depth is limited, the existence of leverage, and the thin pending orders will amplify the price elasticity 1/ Historical estimates Based on the experience of the past few years: In a bull market, a net inflow of $1 in crypto assets could push the market capitalisation up by $10-$25 For a highly liquid coin like ETH, a more conservative magnification is 1:10 to 1:15 2/ Current circulating ETH market capitalisation Let's assume that the total supply of ETH is about 120M ETH, and the price starts from: $2800 → Total Market Cap = 2800 * 120M = $336 Billion $4000 → Total market capitalisation = 4000 * 120M = $480 billion Incremental market capitalisation = $144 billion 3/ Estimate the funding required in terms of inflow multiples If we take: Funds magnification = 15x Real inflows of ≈ incremental market capitalisation ÷ multiples ≈ $144 billion÷ $≈1,596 billion Going from ETH $2800 to $4000 would require around $6 billion to $12 billion in actual net inflows (depending on market structure and sentiment) A reasonable median: ≈ $90~$10 billion net buying In order to liquidate 5 billion, and the margin is much lower than 5 billion Spend 10 billion real money It's a bit of a thing Echo below Ethereum has the potential to rise to $4,000 But the momentum of the rise is definitely not for the 5 billion liquidation It is said that BlackRock is stronger than the 5 billion liquidation theory