INSIGHT:
Bitmine just became one of the biggest $ETH holders alive.
3.726M Ethereum, worth $10.5B.
But here’s the twist:
Their average cost is $3,960.
They’re sitting on a 31% unrealized drawdown.
Whales don’t panic at numbers like this.
They reload… and they reshape markets. $ETH
ETHUSDT
Perp
2,823.49
-0.03%
BTCUSDT
Perp
ETH
1,992.64
+1.35%
BTC
68,585.6
+1.27%