Recently, the Ethereum (ETH) market has shown intriguing dynamics. The latest on-chain data indicates that the open interest of large investors holding between 10,000 to 100,000 ETH has reached a new high, a phenomenon that merits market attention.

The recent price surge starting from $1400 has largely benefited from the active participation of these large investors. During the earlier market correction, many individual investors may have chosen to exit out of panic, while these large investors took the opportunity to increase their holdings.

This phenomenon reminds us again that short-term sharp declines that occur during a bull market, although seemingly concerning, may actually provide an opportunity for prepared investors to increase their holdings. The active entry of large investors may indicate that they hold an optimistic view of the market outlook.

However, investors still need to be cautious and closely follow market dynamics. In addition to Ethereum, the trends of other cryptocurrencies such as Bitcoin (BTC) and Solana (SOL) are also worth paying attention to. At the same time, the development of projects like API3, AIOT, and MYRO may also have an impact on the market.

In addition, the Federal Reserve's decision to cancel the regulatory plan for innovative activities, as well as the implementation of the ETH staking withdrawal mechanism, are all important factors that may affect the cryptocurrency market. Investors should consider these factors comprehensively when making decisions and develop suitable strategies based on their own risk tolerance and investment goals.