Institutional Accumulation Tracking: In a volatile market, listed companies are still continuously buying large amounts of ETH. Mid-term supply is being quietly absorbed. This is a signal to buy on pullbacks in batches—not a reason to chase the rally.
Over the past week, BitMine accumulated 17,362 ETH, spending about $46.82 million, with an average entry price of around $2,696. ETH’s current price is $2,696, down 0.1% over the past 24 hours—almost moving right along the cost line of this batch of holdings. In terms of execution, follow in batches in the 2,600–2,700 range. If the price breaks below 2,550 decisively, the institutions’ cost basis will be breached, and the accumulation logic should be reassessed. #ETH
Over the past week, BitMine accumulated 17,362 ETH, spending about $46.82 million, with an average entry price of around $2,696. ETH’s current price is $2,696, down 0.1% over the past 24 hours—almost moving right along the cost line of this batch of holdings. In terms of execution, follow in batches in the 2,600–2,700 range. If the price breaks below 2,550 decisively, the institutions’ cost basis will be breached, and the accumulation logic should be reassessed. #ETH