Ethereum Whale is hoarding again?

2025-11-24 07:10:19

According to the latest news, BitMine Immersion Technologies' encryption assets have reached a scale of 13.2 billion USD, with Ethereum reserves totaling 3.5 million coins, accounting for approximately 2.9% of the total ETH supply.

What does this mean? Let's look at another set of data—BitMine is still continuously buying, aiming to increase its ETH holdings to 5%. In other words, this institution is still pouring money into it.

The market signals are very clear: large funds are bullish. While these institutional players quietly accumulate coins, retail investors are still struggling with the ups and downs. Just think about the difference.

With a cash reserve of 398 million USD, BitMine's actions indicate their confidence in the market outlook—either waiting for lower prices to continue accumulating positions or preparing ample ammunition for the next wave of market trends.

During this period of frequent large transfers on the blockchain, paying attention to the changes in institutional holdings can often help to sense the market direction in advance.

ETH-1,83%

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