Chinese community daily briefing ===== Release date: 2025-08-12 Overall market sentiment ===== The group shows a clear bullish sentiment towards the market direction, with traders generally focusing on the potential impact of tonight's CPI data on the market. Most members believe that Ethereum is performing strongly, with the key level of 4300 dollars becoming an important support, and they expect it may break the historical high to reach the range of 4900-5000 dollars. Hot topics ===== • Ethereum ETF inflows set a record: BlackRock bought 150,580 ETH in a single day, and the net inflow of spot ETFs yesterday exceeded 1 billion dollars, with the ETH supply on CEX dropping to the lowest level since 2016. • Institutional funds drive bullish expectations: Wall Street institutions are entering the market in large numbers, changing the market landscape. Traders believe that retail investors are selling off wildly while whales are aggressively accumulating, and now the trends of BTC and ETH completely depend on how far institutions can go. • Speculation on 401k pension policy expectations: The market is speculating that US 401k accounts may include cryptocurrency investment options, and traders believe this is a multi-layered game of "expected buying by those who expect 401k will buy."