TechFlow news, December 12 — LD Capital founder Yi Lihua posted on social media stating, "Latest ETH research report: maintaining a strong bullish outlook on Ethereum.
First, Wall Street consensus is strengthening: the SEC chair's recent statement on 'migration of finance onto blockchain' indicates that U.S. political and financial elites are jointly推动 tokenization of U.S. Treasuries, with Ethereum as the core platform.
Second, the Fujiaka upgrade is reshaping value: blob fees surged, burning over 1,500 ETH in a single day, accounting for 98%. The thriving L2 ecosystem is strongly feeding back to the mainnet, bringing deflationary conditions imminent.
Third, technical indicators show extreme cleansing: speculative leverage has dropped to a historical low of 4%, with exchange reserves at only 10%. ETH/BTC is consolidating resiliently, showing resistance to downside pressure, indicating exhausted bearish momentum and a short squeeze imminent. Amid the rate-cutting cycle, capital is rotating from BTC into ETH with practical utility."
