BitMine just dropped a bomb: they're capping $ETH buys at 5% of circulating supply.
Chairman Tom Lee confirmed the ceiling. Once they hit that number, they're done accumulating.
What this means:
• One of the biggest consistent $ETH buyers is about to tap out
• That's a massive demand source getting removed from the market
• Price action could shift once this whale stops eating
This isn't bearish yet—they're still buying. But the clock is ticking on this treasury bid. Watch the 5% mark closely.
Chairman Tom Lee confirmed the ceiling. Once they hit that number, they're done accumulating.
What this means:
• One of the biggest consistent $ETH buyers is about to tap out
• That's a massive demand source getting removed from the market
• Price action could shift once this whale stops eating
This isn't bearish yet—they're still buying. But the clock is ticking on this treasury bid. Watch the 5% mark closely.