BitMine just sent a CRYSTAL CLEAR message to the entire market! 🤯 While the price of Ethereum drops by 5%, what is this firm doing? Buying over 102,000 ETH! 💸 It's as if they are saying: "The price is on sale, let's load up!" 🚀

Hey, you and I who are involved in this know that this is no small matter. BitMine, which is already the second largest crypto "treasure" in the world and #1 in ETH, spent last week buying over 102 thousand Ethers. With this move, their ETH portfolio now reaches 3.96 million Ethers, valued at almost 12 TRILLION dollars (yes, with a B). Their goal is ambitious: they want 5% of all the ETH that exists. They call this "5% alchemy"! ✨

Why are they doing this right now? BitMine's president, Thomas Lee, is clear: with legislation becoming more favorable in the U.S. and support from Wall Street growing, they are convinced that the best for cryptocurrencies is yet to come in 2025. In other words, they see the current drop as a temporary bump on the road to the moon. 🌕

But beware, not everything is rosy. Although they are giants, data from CryptoQuant indicates that BitMine has "unrealized" losses of about 3 billion dollars 😳. Even so, they continue to accumulate. It’s the play of the big players: ignore the noise and focus on the long-term vision.

Now, the part that concerns us, the traders and holders: Ethereum is dancing on the edge of the precipice 😱. After attempting to recover $3,100 and being strongly rejected, the price fell by 5% and is seeking support near $2,850. If that support does not hold, we could see a drop to $2,600, or even to $2,380! 📉 Furthermore, liquidations have been brutal, with over $174 million flying in 24 hours, mostly from people betting that the price would rise (longs).

Technical indicators confirm it: the Relative Strength Index (RSI) and the Stochastic Oscillator are approaching "oversold" territory. This means the market is heavily beaten, and although it is painful, sometimes these strong drops set the stage for a short rebound. For the bullish party (bull run) to truly revive, ETH urgently needs to recover $3,100 and stay above the moving averages.

The question is: is the massive purchase of BitMine a sign that the bottom is near, or is it just an attempt to catch a falling knife? 🤔 We need to see if the $2,850 level is our floor or if we need to buckle up for a stronger drop. The vision of the big players is clear, and what about yours?$ETH