Bitmine buy $300M ETH as ETF money full ground reach record
Bitmine Immersion wey Tom Lee dey lead, buy $300 million worth ETH for three days through Galaxy Digital’s OTC desk. Arkham Intelligence spot one big whale address wey dey hold 79,461 ETH now. Meanwhile, money dey still flow well well enter Ethereum ETF. BlackRock’s iShares Ethereum Trust record $1.7 billion inflows within 10 trading days. Spot ETH ETF inflows enter $154 million last week, making e 12 weeks wey net gains dey continue. On the other hand, spot Bitcoin ETFs witness $643 million outflows. On-chain ETH wey ETFs carry rise pass 40% in the past month. Ethereum dey trade at $3,554, up 3% in 24 hours even with 20% volume drop. Key support levels for $2,924 and $2,750 mark where over 2.55 million ETH dem buy, providing strong on-chain support. Tom Lee research predict say ETH fit reach $10,000–$20,000 within one year and $60,000 long term, showing say market get bullish outlook.
Bullish
Di news dey good for ETH. Bitmine buy $300m OTC mean say big whales dem dey demand strong. ETF inflows wey break record, especially $1.7bn enter for BlackRock’s Ethereum Trust and 12 weeks of net gains for spot ETH ETFs, show say institutions dey really interested. Normally, big inflows and whale buy before price go up. On-chain support area around $2,924 and $2,750, wey over 2.55m ETH dem buy, dey reduce downside risk and dey attract people to buy. With Tom Lee optimistic price targets, e mean say momentum go continue go up both short term and long term.