Bitmine slows ether purchase pace, buying $53 million worth last week
Hex37's read
- Bitmine reduced its ETH buying by over 75% last week.
- The firm purchased $53 million worth of ETH.
- This follows a large purchase of 112,000 ETH the prior week.
What it means for traders
- Reduced institutional buying could signal a short-term bearish sentiment for ETH.
- Traders may consider shorting ETHUSDT if selling pressure increases.
Affected markets
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