BiyaPay analyst: Funds fleeing Bitcoin and flowing into Ethereum? 6 US stock whale surfaced!

On July 17, BiyaPay analysts stated that while the market is still debating whether Bitcoin has peaked, funds have quietly been flowing massively into Ethereum. Ethereum spot ETF has achieved continuous net inflows for 16 days, with strong institutional buying, and on-chain staking has already locked up nearly 29% of circulating supply, with prices briefly surging to $3,200, doubling since April.

Before the market opened, multiple ETH concept stocks surged, with SharpLink Gaming (SBET) buying over $600 million worth of ETH in a single month, doubling its stock price. Companies like BitMine (BMNR) and BTCS have also joined the "hoarding" camp. According to incomplete statistics, 13 major institutions hold a large amount of Ethereum, with 6 being US-listed companies, including: SharpLink Gaming (SBET), BitMine Immersion Technologies (BMNR), Coinbase Global (COIN), Bit Digital (BTBT), BTCS Inc. (BTCS), Ethereum Name Service (ENS), covering areas such as DeFi, mining, domain name protocols, and on-chain staking.

Six key drivers pushing ETH's strong rise include: on-chain deflation, ETF net inflows, macro interest rate cut expectations, regulatory benefits, short squeeze, and ecosystem recovery. Multiple technical indicators also suggest that ETH may have launched a new major upward wave.

BiyaPay analysts recommend that for those wanting to invest in "Ethereum beneficiary stocks" in the US market, BiyaPay now supports USDT trading for US and Hong Kong stocks without the need to open offshore accounts, enabling real-time global investment. It also supports spot contract orders for over 200 digital assets with zero transaction fees, helping you enter and exit the market efficiently and at low cost.