Recently, a remarkable large-scale buying action for Ethereum is quietly underway. The Ether Reserve, a subsidiary of the U.S. Nasdaq-listed company Dynamix (DYNX), has once again demonstrated its strong confidence in Ethereum. This institution purchased 10,605 ETH at a price of $3,781 each, attracting widespread attention from the market.

Since the beginning of August, The Ether Reserve has maintained a steady purchasing pace. As of now, the company has accumulated 345,362 ETH, with a total value exceeding 9 billion RMB. This funding comes from a previous $97 million private placement, demonstrating investors' strong optimism for Ethereum's future development.

It is worth noting that The Ether Reserve just purchased 15,000 ETH last week to celebrate the 10th anniversary of Ethereum and continued to increase its holdings this week. This ongoing buying behavior undoubtedly releases positive market signals.

From a market perspective, large-scale institutional buying and long-term holding will inevitably lead to a decrease in market circulation. Just like in the commodity market, when a large number of high-quality goods are hoarded, the remaining tradable goods naturally become fewer. Under the influence of supply and demand, this situation often exerts upward pressure on prices.

However, we also need to view this phenomenon with caution. While the behavior of institutional investors may influence market sentiment and price movements in the short term, the long-term development of the cryptocurrency market depends more on multiple factors such as technological advances, the expansion of application scenarios, and changes in the regulatory environment.

Overall, this series of actions by Wall Street institutions has undoubtedly injected a shot of confidence into Ethereum, demonstrating traditional financial markets' recognition of blockchain technology and digital assets. However, while investors follow these positive news, they should also remain rational and comprehensively assess market risks.