Ether fell 1.76% to $2,528.64 as taker sell volume exceeded buy volume during the latest one-hour period.
BitMine Immersion Technologies increased its Ethereum holdings last week as Chairman Thomas Lee outlined why he believes the market could be entering its largest crypto bull cycle. The company purchased 12,532 ETH, lifting its treasury to approximately 6.028 million tokens and moving closer to its goal of holding 5% of Ethereum's supply. Lee's bullish forecast contrasts with Ethereum's weaker near-term technical picture and substantial unrealized losses on BitMine's holdings. Lee identifies four potential bull market drivers In a Monday statement, Lee highlighted tokenization, generational wealth transfers, supply absorbed by digital asset treasury companies, and crypto's connection to AI as potential catalysts. Click Here
Ether traded at $2,534 on Binance at 2:34 a.m. ET (06:34 UTC) Tuesday, down 1.28% over the previous 24 hours.
The tally covered Binance, Bybit and OKX public liquidation data through 1:29 a.m. ET on Oct. 13, while Ether rose 0.75%.
Ethereum ETF outflows highlight investor caution, potentially impacting market sentiment and influencing broader crypto investment strategies. BlackRock ETF clients sell $75 million worth of Ethereum.
BitMine purchased 12,532 ETH in the week ending October 11, 2026. Despite this Ethereum accumulation, the total value of its crypto assets, cash, and holdings decreased from $17.4 billion to $16.2 billion in one week.
The addresses hold a combined Ether position valued at about $60.29 million, with an unrealized gain of roughly $2.19 million.
Net assets stood at $15.86 billion after BlackRock's ETHA recorded the largest daily outflow at $75.1 million.
Ether was down 1.48% over 24 hours at 11:34 p.m. ET on Oct. 12, while one-hour short liquidations reached $5.53 million.
Ether traded at $2,463.31 as Binance perpetuals recorded $56.6135 million in buy orders versus $54.3143 million in sell orders.
The 3,500-ETH position had a liquidation price of $2,392.90, about $36 below Ether's reported market price.
The remaining position was valued at about $8.5 million, while account equity fell to $288,000 after weekly losses topped $11.9 million.