Guys, there’s big news on the ETH front too! Bitmine added another 12,532 $ETH last week, bringing its total holdings to around 6.029 million. Tom Lee has been saying this could be the biggest crypto bull market ever, and institutions are still underweight, so there’s room to run. This guy has serious faith in ETH—he keeps adding to his holdings every week without missing a beat.
Just look at the numbers: Bitmine has been buying ETH almost every week, without stopping since last June. Its goal is to hold 5% of the supply, and it’s already getting close. ETH has been hovering around $2,500 lately, and ETFs have seen outflows, but these companies are still accumulating. That shows they really believe in Ethereum’s potential as future financial infrastructure. A large share of ETH is staked, which can also generate solid annual returns—making it more attractive than simply holding it.
Compared with Bitcoin, ETH has also been performing pretty well lately, sometimes even rising more sharply than BTC. Tom Lee said ETH significantly outperformed the S&P 500 in the third quarter, despite macro headwinds. That suggests the fundamentals are improving, supported by staking yields, ecosystem growth, and Layer 2 scaling. Personally, I think ETH may still follow the broader market in the short term, but its medium- to long-term potential is stronger than that of many altcoins. If the bull market really takes off, ETH could be one of the first to rally, especially as institutional allocations increase.
For trading, you can watch for pullbacks in ETH and build a spot position in stages. If you trade futures, ETH can be pretty volatile too, so be careful not to use too much leverage. Is anyone positioning in ETH? Do you think now is a good time? Feel free to share your thoughts!
$ETH $BTC
Tap the follow button, and you’ll get the next update sooner!!
Just look at the numbers: Bitmine has been buying ETH almost every week, without stopping since last June. Its goal is to hold 5% of the supply, and it’s already getting close. ETH has been hovering around $2,500 lately, and ETFs have seen outflows, but these companies are still accumulating. That shows they really believe in Ethereum’s potential as future financial infrastructure. A large share of ETH is staked, which can also generate solid annual returns—making it more attractive than simply holding it.
Compared with Bitcoin, ETH has also been performing pretty well lately, sometimes even rising more sharply than BTC. Tom Lee said ETH significantly outperformed the S&P 500 in the third quarter, despite macro headwinds. That suggests the fundamentals are improving, supported by staking yields, ecosystem growth, and Layer 2 scaling. Personally, I think ETH may still follow the broader market in the short term, but its medium- to long-term potential is stronger than that of many altcoins. If the bull market really takes off, ETH could be one of the first to rally, especially as institutional allocations increase.
For trading, you can watch for pullbacks in ETH and build a spot position in stages. If you trade futures, ETH can be pretty volatile too, so be careful not to use too much leverage. Is anyone positioning in ETH? Do you think now is a good time? Feel free to share your thoughts!
$ETH $BTC
Tap the follow button, and you’ll get the next update sooner!!