Have you noticed that the United States is undergoing the third wealth reshuffling in 65 years? And this time, all the arrows point to the crypto market.

This is not a conspiracy theory, but a blatant shift of funds. Recent data speaks volumes: the proportion of stock assets held by American households has, for the first time, surpassed the status of real estate in the overall asset mix. In other words, the money that was originally tied up in houses is now flowing en masse into the financial markets. But the key question arises—after these smart investments have eaten through stocks, where will they go next?

The answer is quickly coming to the surface.

Look at these signals: American banks are now allowed to directly custody encryption assets, which means that the entry channel for traditional financial giants has officially opened. Over in Hong Kong, they are even more aggressive, simply suggesting that insurance funds should compliantly enter the crypto field. At the same time, public companies like Bitmine today submitted more than 13,000 Ethereum to the exchange in one go; it is already one of the largest holders of Ethereum, with a holding amount that has long surpassed 3.56 million. The balance sheets of public companies are now increasingly adding encryption assets. Looking at Hong Kong's crypto spot ETFs, their scale has increased by 33% in just one year.

The dam has been repaired, and the flowing water will naturally come.

Family wealth has flowed from real estate to stocks; that was the first wave of transfer. But the real big event is that money from the traditional financial system is starting to seep into crypto assets through new channels like banks, insurance, and ETFs. This will be the second wave, and it will be even more turbulent. Bitmine's withdrawal actions? That's just the tip of the iceberg.