Guilin Brother's post sparked my desire to express myself. Please talk about the on chain data of ETH and ecological tokens, especially DEFI, that I have recently seen Since December last year, there have been large funds buying chips at the bottom of ETH, and they are still buying now. The chip concentration, also known as the Herfindahl index, has reached 1.2, a historical high of 3 In human terms, a higher concentration of chips does not necessarily mean a significant pullback, but it is beneficial for a pullback. A dispersed concentration of chips is definitely not conducive to a significant pullback. And currently, the chips are still being concentrated, It may take time to reach historical highs. And recently, the ETH ETF pledge has been approved, which is positive in the medium to long term. In the short term, it still depends on BTC's attitude. That is to say, BTC continues to rise and fluctuate at a high level, and perhaps ETH still has a chance to rise. If BTC goes down, ETH won't be able to hold on either. Then there are signs of increased chip concentration in the past three months for its ecological token SSV MKR ARB. The concentration of ARB chips mentioned earlier: https://(x.com)/DL-W59/status/1928280632184164521 Perhaps there are funds gathering chips to cause trouble. But the current decline is due to BTC being brought down, and we need to continue to pay attention in the short term. If BTC is not doing well, then ETH may not be very optimistic about rising In the medium to long term, such as the next major uptrend, attention can be paid to the concentration of chips. The encryption gameplay is highly controlled, with upward momentum and favorable news, FOMO， Then distribute chips, and then collect chips again, in a cycle. Essentially, we need to gather chips first, after all, they are not philanthropists. Speaking of SOL, the current SOL is indeed weak. But it doesn't mean there won't be opportunities. In the short term, there will indeed be fluctuations. In the long run, we still need to look at the foundation's new ecological narrative. SOL is in a cycle of high control, upward movement, chip distribution, and fluctuating chip collection Actually, I can see that there are distributions on the chain now, but they are very few and far between. Collecting chips is not particularly obvious, right? Of course, the SOL now is more abundant and not the same as a year ago.