BitMine just shelled out nearly 92 million USD to scoop up ETH, boosting their holdings to 4.7% of the total supply — right on target for 5%. When a big fund buys in with such volume, it not only signals long-term confidence but also pulls a significant amount of liquidity out of the market, tightening the available supply.
With the organization holding nearly 5% of the total supply, their active selling pressure is virtually non-existent, but the buying pressure remains steady. This builds a solid foundation for ETH's price in the mid-term, although the risk of lower liquidity could trigger strong volatility with macro news.
Personally, I see this move as a confirmation that institutional money is strongly buying into Ethereum's layer 1 narrative. But as a trader, I don't let it drive me to FOMO. Keep an eye on the holding ratios and flow of similar funds, coupled with trading volume, to find reasonable entry points.
Capital management remains the top priority. Know what they're up to, but don’t forget that the market always has two sides.
#ETH #Ethereum #BitMine #TichLuy #DauTuToChuc