$ETH Tom Lee on this side, it looks like there was another suspected deep selloff—sweeping up 51,000 ETH!
Just two hours ago, a large transfer appeared.
The value is about $126 million!
The chips came from FalconX and BitGo respectively.
BitMine’s accumulation machine is moving again!
On-chain data shows that addresses seemingly related to BitMine received about 51,000 ETH from FalconX and BitGo two hours ago, which—based on the price at the time—was worth about $126 million. Combined with BitMine’s previous steady pace of increasing holdings, this transfer looks like yet another large-scale allocation. But until official disclosure, it’s safer to view it strictly through on-chain activity.
BitMine has recently been continuously buying large amounts of ETH. If these 51,000 ETH are ultimately confirmed as新增持仓 (newly added holdings), the speed at which the company treasury accumulates Ethereum will keep accelerating. ETF funds and listed companies are taking positions at the same time, keeping the float increasingly locked away. Once the price moves with volume, the upside sensitivity can be amplified further.
Big money is still moving ETH into long-term positions, one transaction at a time.
With this kind of ongoing spot accumulation, the easier it is to get pulled back is precisely the kind of ‘buying rush’ zone that can be aggressively grabbed!
Just two hours ago, a large transfer appeared.
The value is about $126 million!
The chips came from FalconX and BitGo respectively.
BitMine’s accumulation machine is moving again!
On-chain data shows that addresses seemingly related to BitMine received about 51,000 ETH from FalconX and BitGo two hours ago, which—based on the price at the time—was worth about $126 million. Combined with BitMine’s previous steady pace of increasing holdings, this transfer looks like yet another large-scale allocation. But until official disclosure, it’s safer to view it strictly through on-chain activity.
BitMine has recently been continuously buying large amounts of ETH. If these 51,000 ETH are ultimately confirmed as新增持仓 (newly added holdings), the speed at which the company treasury accumulates Ethereum will keep accelerating. ETF funds and listed companies are taking positions at the same time, keeping the float increasingly locked away. Once the price moves with volume, the upside sensitivity can be amplified further.
Big money is still moving ETH into long-term positions, one transaction at a time.
With this kind of ongoing spot accumulation, the easier it is to get pulled back is precisely the kind of ‘buying rush’ zone that can be aggressively grabbed!
