PANews reported on February 25 that Ki Young Ju, founder and CEO of CryptoQuant, shared some bullish views on ETH on the X platform:

1. There is no obvious selling pressure after the Bybit hack. On-chain data and market data remain neutral. Selling on exchanges takes time, while selling on OTC exchanges has little impact on prices.

2. Ethereum accounts for 56% of the stablecoin market share. As Trump relaxes cryptocurrency regulation, more companies may use Ethereum-based stablecoins and smart contracts in 2025.

3. ETH spot ETF has been approved. Favorable regulation may trigger a "large ETF alt season" and drive ETH up this year.

4. Whales are accumulating: Wallet balances of 10K–100K ETH have grown 24% over the past year, mainly from wallets below 1K ETH. The current price is close to the cost basis of these accumulation addresses.