Summary

The market is hot right now, with the Ethereum price rocketing above $4k. People are making big bets, and doing so with limited information and uncertain cash out strategies. Whether you are in crypto to invest in the technological vision and fundamental uses or trading sentiment, rocketing prices are raising the stakes for either strategy.

The buying pressure for Ethereum is coming from DeFi, with 10 million Ethereum entering DeFi since May 2020, and new investor whales, who have acquired 6.3 million Ethereum since November 2020.

New investor whales are deeply involved in DeFi, with DeFi the source and destination of much of the Ethereum that these whales receive and send. It feels like Fear Of Missing Out is taking hold of the market but these new investor whales may bring enough investment and interest to advance technology and adoption before the hype wanes.

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Music by https://www.tylerbeckwithmusic.com/ (Tyler Beckwith)