TechFlow reported on January 16 that Garrett Jin, trader behind "1011 insider address," posted on social media stating that DAT Company has purchased approximately 5 million ETH and removed them from circulation, altering ETH's long-term supply structure and limiting downside potential. The proportion of ETH exchange balances is even lower than BTC's, making it "virtually impossible" for ETH to fall below $2,000 during a bear market. ETH is now following BTC's institutionalization path from January 2023 to November 2024. Unless there is a severe U.S. stock market crash, ETH reaching new highs is "inevitable." Without DAT Company's involvement, ETH might have fluctuated between $1,400 and $4,800 until fundamental changes occurred.
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