đ Whale wallets aren't waiting for confirmation
BitMine has quietly built a 5.8M $ETH stack â over 4.3% of total supply â adding another 10.4K ETH just last week. CryptoQuant confirms it's not isolated: mid-size ETH wallets (10K-100K) just hit a record 19.6M coins held.
Spot ETFs are backing the trend too: $244M into BTC funds and $61M into ETH funds in a single day (Aug 5), BlackRock leading both.
The macro backdrop is actually cut-friendly, not restrictive â July payrolls badly missed estimates, pushing rate-cut odds higher for September rather than hike fears.
Real accumulation + softening macro = a setup worth watching, not assuming.
#PayrollsDropCPIFocus #AIMemoryStressTest #SpaceXUnlockRebound $BTC $ETH
Source: BitMine holdings (CoinDesk, Aug 3); CryptoQuant whale data; Farside ETF flow data (Aug 5); July payrolls report
BitMine has quietly built a 5.8M $ETH stack â over 4.3% of total supply â adding another 10.4K ETH just last week. CryptoQuant confirms it's not isolated: mid-size ETH wallets (10K-100K) just hit a record 19.6M coins held.
Spot ETFs are backing the trend too: $244M into BTC funds and $61M into ETH funds in a single day (Aug 5), BlackRock leading both.
The macro backdrop is actually cut-friendly, not restrictive â July payrolls badly missed estimates, pushing rate-cut odds higher for September rather than hike fears.
Real accumulation + softening macro = a setup worth watching, not assuming.
#PayrollsDropCPIFocus #AIMemoryStressTest #SpaceXUnlockRebound $BTC $ETH
Source: BitMine holdings (CoinDesk, Aug 3); CryptoQuant whale data; Farside ETF flow data (Aug 5); July payrolls report