【Blockchain Rhythm】 On-chain data shows that a wallet address suspected to belong to BitMine has recently made new large transactions. On December 17, this address received 48,049 ETH from FalconX, worth approximately 140.58 million USD. This is not the first large transaction by this wallet recently; the frequent bulk purchases reflect institutional ongoing demand for Ethereum. In terms of transaction scale, a single transaction of nearly 50,000 ETH is enough to shake market sentiment and also confirms the large investors’ strategic intentions at this market stage.
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CoffeeNFTs
· 12-19 23:15
Institutions are hoarding, and we retail investors can only watch the show.
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GetRichLeek
· 12-18 22:06
I'm just saying, this big move by BitMine definitely has some substance. On-chain data doesn't lie... Wait, why am I stuck in this vicious cycle again? I just lost five figures the day before yesterday.
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WhaleStalker
· 12-17 08:20
This move... 50,000 ETH directly invested, BitMine is really accumulating on dips, institutions are just institutions.
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rekt_but_resilient
· 12-17 01:05
The institutions' momentum to buy the dip is really intense. They just buy 50,000 ETH with a snap decision... What are they betting on?
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NFTRegretter
· 12-17 01:00
So the big players are acting so frequently, is it real or fake... Just this one transaction is 140 million, so the institutions are frantically buying the dip.
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ContractTearjerker
· 12-17 00:51
This wave of BitMine's crazy buying spree is really slapping small investors in the face...
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TokenTherapist
· 12-17 00:44
Wow, 50,000 ETH bought just like that? What game are the institutions playing...
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TommyTeacher1
· 12-17 00:41
Damn, is BitMine stockpiling again? Dropping 50,000 ETH directly—are they really optimistic or just laying the groundwork?
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OffchainWinner
· 12-17 00:41
This move by the big players isn't simple; they directly poured in nearly $140 million, it seems ETH still has to go up.
BitMine allegedly buys over 48K+ ETH again, institutional fund movements worth monitoring
【Blockchain Rhythm】 On-chain data shows that a wallet address suspected to belong to BitMine has recently made new large transactions. On December 17, this address received 48,049 ETH from FalconX, worth approximately 140.58 million USD. This is not the first large transaction by this wallet recently; the frequent bulk purchases reflect institutional ongoing demand for Ethereum. In terms of transaction scale, a single transaction of nearly 50,000 ETH is enough to shake market sentiment and also confirms the large investors’ strategic intentions at this market stage.