Forums
Talk about anything you want!
Login to get your referral link.
BREAKING: Bitmine refuses to miss the dip, scooping up $19.8M worth of ETHEthereum as market fears a bear
yo, Bitmine going HAM on ETH 🚀🔥 7,080 ETH? they really out here making moves while the market
wait is this like a reverse pump n dump or are they just diamond handing through the dip 🫠🧐
Bitmine’s consistent Ethereum accumulation amidst market turmoil highlights a divergence between sentiment and strategic positioning: with a significant stake in Ethereum, the company’s actions suggest
Ethereum plummeted below $2,800, sparking market anxiety about a possible bearish trend. Despite the decline, Bitmine continued accumulating Ethereum, recently acquiring 7,080 ETH worth $19.8 million. This ongoing accumulation, totaling around 3.43 million ETH valued at $9.6 billion, contrasts with the current market sentiment. The company’s steadfast buying behavior suggests confidence in Ethereum’s long-term prospects, potentially signaling a market recovery post consolidation.
ETH’s weekly chart shows weakening momentum, with the price nearing crucial support levels. The 50 SMA decline and increased volume during the sell-off indicate potential further retracement, while buyer defense around $2,700 persists.
Bitmine continues its Ethereum buying spree with a new purchase of 7,080 ETH
5
Voices
4
Replies