bitmine

$2,090 的以太坊，满屏都是“亡灵序曲”，是不是很多人已经割肉离场，或者还在等 $1,500 的“极限低点”？
就在前天，2月9号，当市场恐慌情绪达到顶点的时候，BitMine（BMNR）直接出手了。他们的执行主席 Tom Lee 没有在推特上打嘴炮，而是真金白银砸了 8400 万美金，一口气吃进了 40,000 枚 $ETH。

这事儿很有意思。大家平时看 Tom Lee，大多是因为他是 Fundstrat 的那个“死多头”分析师，总是在喊涨。但这次不一样，这次他是以 BitMine 操盘手的身份，拿公司的钱在赌国运。
很多人还没反应过来这背后的逻辑。现在的 $ETH 距离 2025 年 8 月的高点也就是近 5000 刀的位置，已经跌去了 57%。在韭菜眼里，这是“深不见底”；但在机构眼里，这就是所谓的“黄金坑”。
Tom Lee 抛出了一个很有意思的概念——“5% 炼金术”（Alchemy of 5%）。BitMine 的目标是持有以太坊总流通量的 5%。这一波买完，他们手里的货已经占到了流通量的 3.58% 左右。甚至他们还把 67% 的币拿去质押，光是质押产生的年化收入预计就有 2 亿美金。发现没有？巨鲸根本不在乎短期的账面浮亏，人家看重的是现金流和筹码集中度。
对于这波暴跌，Tom Lee 的判断非常直接：V 型反转。他列了个数据，说 2018 年以来以太坊经历过 8 次腰斩级别的下跌，每一次最后都涨回去了。他认为现在的价格完全没反应出链上的活跃度——每天 250 万笔交易，100 万活跃地址，这基本面比以前强硬得多。
这里有个很残酷的现实：散户总想买在绝对底部，结果往往是跌的时候不敢买，涨起来了又去追高。而像 BitMine 这种资金，他们在 $2,000 进场，不是因为确定这里是底，而是因为这里的盈亏比（PnL Ratio）已经足够诱人。
所谓“有吸引力的入场点”，不是说买了立马涨，而是说在这个位置输面很小，赢面极大。Tom Lee 这波操作，与其说是预测，不如说是他在利用市场的“过度清算”来捡带血的筹码。
别再盯着那几根红色的 K 线发抖了。如果 2026 年真如他所言走出 V 反，现在拿着 $ETH 的人是在抄底，还是在给未来接盘？
市场已经给出了信号，敢不敢跟，看你自己的判断。这波 $8400 万的单子，你觉得是 Tom Lee 疯了，还是市场错判了？评论区聊聊。
#Bitmine

Ether price stayed at the high of over 2,000 USD due to the crypto market consolidation phase. In the last one week, ETH has gone down by 13 percent leading to a bearish crossover indicating that it has the potential of falling further. At the same time, on Wall Street, the cryptocurrency is still being bought when Vitalik Buterin is selling ETH. Moreover, ETFs of Ethereum are recovering as well.
The ETH Sell-Off of Vitalik vs Wall Street Buying Spree; The Future of Ethereum
The sale of 6,183 ETH by Vitalik Buterin at the beginning of February of 2026 was valued at about 13.24 million USD. The sale was done using the CoW Protocol in small batches such that it did not cause serious shocks in the market. The average price was 2,140 ETH.
This action however does not depict panic or withdrawal of the market. Buterin already stated on January 30, 2026, that he is going to spend the 16,384 ETH that he has in his wallet that is worth roughly 43-45 million of his own money.

The financing will be done to finance open-source projects in the security and privacy technology, AI safety, and biotechnology.
Even following its recent sale to Buterin, Ethereum is of great interest to the Wall Street. BitMine company, which is under the ownership of Tom Lee, has been able to purchase ETH amidst huge losses in the general collapse of the crypto market.
According to recent statistics, BitMine currently has an extra 84 million Ethereum value in its stash and its total stash has now reached 4325734 value ETH worth 9.14 billion. Lee is also optimistic about the future of Ethereum, as it is increasingly finding more uses, and is especially strong in the face of the current difficulties in the market.

Ether funds ETFs recover with 57M in net inflows
U.S. Ethereum spot ETFs recorded the reversal of a negative net inflow of 57.05 million on 9 th February, after three days of negative net outflows.

The inflow was virtually being driven by Fidelity Ethereum Fund (FETH) and Grayscale Ethereum Mini Trust (ETH), which accepted the sums of 67.32 million and 44.62 million, respectively, which were considerable growth contributors.
Will Ethereum Price Hold Just 2000 Price at Weak Momentum?
The ETH price has fallen by 0.14% to reflect a slight dip at $2,044 as at the reporting. Relative Strength Index (RSI) = 41, that is, Ethereum is neutral.
Also, the Chaikin Money Flow (CMF) indicator stands at 0.03, which implies that there was a neutral accumulation of capital.
In terms of the future price levels, the inability to hold on to the support of the price at the $1,900 mark can even put the price to the test downwards, to as low as the price of $1,750.
To the positive side, the possibility of a reclaim of 2,250 would leave the future Ethereum perspective with an opportunity to retest the resistance level of 2,500.
In conclusion, the fact that Vitalik Buterin sold ETH and Wall Street bought it does not mean that there is panic and great institutional support, respectively. Ethereium Spot ETFs show a recovery, and this signifies that more investors are confident. Still, the Ethereum price faces a threat of a volatile situation with significant support levels to be followed.
#WhaleDeRiskETH #ETH #Bitmine