BitMine Add $600M ETH for 10 Hours, ETH Holdings Don Hit $5.77B
BitMine don increase their ETH holdings by 135,135 Ether, wey worth about $600 million, for the past 10 hours through institutional platforms FalconX, Galaxy Digital and BitGo. Di company whole ETH holdings don stand for 1.297 million ETH, wey dey value at $5.77 billion. Dis serious accumulation show say dem get plenty confidence for Ethereum and fit affect di price movement. Crypto traders suppose dey watch how big big buys from institutional players dey affect market liquidity and sentiment. On-chain analyst Yu Jin don report dis accumulation, show say big investors dey increase dia Ethereum holdings.
Bullish
BitMine add quick quick 135,135 ETH (~$600 million) dey show say big institution trust Ethereum well well. When dem buy big kain like this, e dey reduce how much people fit sell soon and e go make price go up small small. For history, big big people like Grayscale Ethereum Trust wey dey gather plenty ETH before price climb. For long term, when big people dey buy steady steady, e dey make market strong and investors happy, e mean say Ethereum price fit rise well well.