Bitmine capitalizes on Ethereum price drop, buys over 100,000 ETH as 5% supply goal nears
Hex37's read
- Bitmine bought over 100,000 ETH during the recent price drop.
- They see ETH below $2,200 as an attractive buying opportunity.
- This purchase brings them closer to their 5% ETH supply goal.
What it means for traders
- Large accumulation by a significant player suggests potential bullish sentiment for ETH.
- Traders may consider long positions on ETH, anticipating a rebound from the current price levels.
Affected markets
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