#BitMine Is 0.1% Away From Owning 5% of All $ETH 👀 In case you haven’t been following BitMine, it’s the company Tom Lee chairs, and it’s basically Strategy, only for $ETH. Every week it buys more and holds on to it. The goal since day one has been 5% of all the ETH out there. Last week BitMine added another 12,535 #ETH , almost the same as the week before. That brings the total to 6.04M ETH, or 4.9% of the supply. The cash pile is getting smaller, though. BitMine has $582M left in cash and securities, down from $714M in late September, after four weekly drops in a row. Tom Lee says investors are taking fewer risks right now because of AI stock jitters, the US-Iran war, the midterms and rising bond yields. He still sees every dip as a chance to buy. ETH barely reacted. Yesterday it topped out near $2,445, slid to $2,385 by the afternoon and spent the night between $2,375 and $2,415. Right now it’s around $2,390. Key Price Levels to Watch 👇 📈 Resistance: $2,415, where the early morning bounce ran out. 📌 Support: $2,385, tested twice yesterday. 📉 Below that, $2,375. That’s last night’s low. To me, 12.5K a week keeps a floor under ETH, but it’s too slow to push the price anywhere on its own. Who do you think picks up the slack once BitMine hits 5%? Not financial advice. DYOR. #Ethereum #Macro Insights# #Altcoin Season#