On-Chain Alert: BitMine Whale Accumulates 3.58% of All $ETH đ
BitMine just added 40,613 $ETH ($82.85M), bringing total holdings to 4.32M $ETH (~$8.8B). This is not short-term trading â moving this volume into long-term custody and staking removes liquidity, creating a supply shock.
Target: 5% of total ETH supply. Sustained accumulation from a single institution tightens the float, building a structurally bullish market. Price pressure is skewed upward.
Verdict: Extremely Bullish.
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