Someone bought 111,942 ETH last week while price bled below $2,200.
Bitmine Immersion Technologies' largest purchase of the year: roughly $237M, per reports.
Meanwhile ETH is down about 5% in 24h, near $2,130, and ETH ETFs are also seeing outflows.
Corporate treasuries accumulating into weakness while funds sell is a real split. Either smart patience or catching a falling knife. Next test is the $2,000 level.
Do you side with the treasury buyers or the ETF sellers at $2,000?
$ETH $BTC
#Ethereum #Bitmine #CryptoNews
Not financial advice.
Bitmine Immersion Technologies' largest purchase of the year: roughly $237M, per reports.
Meanwhile ETH is down about 5% in 24h, near $2,130, and ETH ETFs are also seeing outflows.
Corporate treasuries accumulating into weakness while funds sell is a real split. Either smart patience or catching a falling knife. Next test is the $2,000 level.
Do you side with the treasury buyers or the ETF sellers at $2,000?
$ETH $BTC
#Ethereum #Bitmine #CryptoNews
Not financial advice.