Ethereum has been consolidating for weeks. Selling pressure is present.
Bitmine bought over 71,500 ETH in a week, pushing its total holdings to nearly 4.9 million ETH.
Ethereum has been consolidating below $2,200 for weeks. The selling pressure is real.
Bitmine holds 4.87 million ETH, or 4.04% of the supply, valued at $10.7 billion, with total holdings of $11.8 billion and 3.33 million ETH staked.
In the space of a few weeks, BitMine has intensified its ETH purchases at a rarely seen pace, crossing a holding threshold that is already raising questions in the market. Behind this massive accumulation, Tom Lee shows a clear conviction: the current phase could mark a turning point in the crypto cycle.
Ethereum may be closer to a major turning point than it appears, as key technical signals begin to align. Despite recent weakness, the emergence of a death cross, often seen near the end of downtrends, suggests the market could be approaching its final phase of capitulation.
Bitmine holds 4.87 million ETH valued at $10.7 billion, equivalent to 4.04% of the total ETH supply in existence. Tom Lee defined Ethereum as “the store of value in times of war,” after it posted a 17.4% gain since the start of the conflict with Iran.
Bitmine Immersion Technologies (NYSE:BMNR) acquired 71,524 ETH last week, bringing total holdings to 4.875 million ETH representing 4.04% of total supply. The ETH Accumulation Bitmine now owns 4.04% of the total ETH supply of 120.7 million coins.
Ripple USD (RLUSD) has seen significant activity in the last 24 hours, with a substantial number of tokens burned and minted.
Bitmine Immersion Technologies (BMNR) has expanded its Ethereum holdings to an impressive 4.87 million ETH, currently worth approximately $10.7 billion. This milestone places the firm at 81% completion toward its ambitious target of controlling 5% of Ethereum's entire circulating supply.
BitMine Immersion Technologies' Ethereum treasury gained another $157 million of ETH last week, its biggest acquisition since December.
Ethereum ($ETH) breaks past $2,150 as ETF inflows hit highest levels since January — Ethereum price prediction sees path to $2,800 as long as the price stays above this former resistance.