Some major players are motivated to manipulate ETH, as long as the data from DeFi and Staking is favorable for BN. Meanwhile, the secondary stock markets are just used for unloading, rather than genuinely promoting ETFs. After BTC was fully controlled by the Americans, liquidity was tightened, pushing the price up in a parabolic manner, turning it into a noose for a major exchange. The bulk of profits comes from this, and what's even more frustrating is that the pricing power gained from issuing stablecoins has been taken away. We can't stop BTC spot trading; the most crucial thing is to pull ETH out of the mire and cultivate it as our own major asset. Of course, we can't rule out other public chains; the so-called change of operators, if not for unloading, is driven primarily by this.
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