Bitmine made another massive move - adding 264,000 Ethereum this week.
You now own 2.42 million Ethereum (, approximately 9.72 billion dollars ). This represents nearly 2% of the total supply concentrated in one entity. 👀
The importance of this matter:
Every significant rise in the price of Ethereum throughout history has been due to the efforts of major investors in U.S. Treasury bonds.
But as the supply held by a few investors increases, the liquidity in the rest of the market decreases.
The situation appears to be rising in the short term ( shock in supply ), but the risks of focusing on the long term cannot be ignored.
The fundamentals of #الإيثريوم are strong - TVL growth, increasing upgrades, and the flourishing of L2s - and whales like Bitmine are betting on this future.
The most important question: Will they continue to accumulate, or will they one day become the largest source of selling pressure that Ethereum's price has ever seen? #AltcoinMarketRebound #EthAlmışOlsaydınızVe
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#ETH
Bitmine made another massive move - adding 264,000 Ethereum this week.
You now own 2.42 million Ethereum (, approximately 9.72 billion dollars ). This represents nearly 2% of the total supply concentrated in one entity. 👀
The importance of this matter:
Every significant rise in the price of Ethereum throughout history has been due to the efforts of major investors in U.S. Treasury bonds.
But as the supply held by a few investors increases, the liquidity in the rest of the market decreases.
The situation appears to be rising in the short term ( shock in supply ), but the risks of focusing on the long term cannot be ignored.
The fundamentals of #الإيثريوم are strong - TVL growth, increasing upgrades, and the flourishing of L2s - and whales like Bitmine are betting on this future.
The most important question: Will they continue to accumulate, or will they one day become the largest source of selling pressure that Ethereum's price has ever seen?
#AltcoinMarketRebound #EthAlmışOlsaydınızVe