Prominent crypto investor's firm BitMine has just acquired 13,412 ETH in a single transaction valued at approximately $40.6 million. This substantial purchase signals continued institutional interest in Ethereum despite recent market volatility. Large accumulation moves like this are closely watched by the trading community as potential indicators of confidence in the asset's medium-term prospects.
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ContractBugHunter
· 12-22 13:53
Wow, 40.6 million just thrown in? Does this guy really have confidence or is he playing people for suckers?
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The institutions' operation this time is a bit extreme, it feels like they are trying to average down costs... I'm bearish.
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Hmm? It's this same old rhetoric again, every time there's a big dump they mention "confidence indicator", it's frustrating.
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13412 pieces of Ether is indeed not something small investors can play with.
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BitMine's moves are so big, do they know something we don't?
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NFTPessimist
· 12-22 13:42
What the hell, 40.6 million USD? Large Investors really don't care about this fall...
Prominent crypto investor's firm BitMine has just acquired 13,412 ETH in a single transaction valued at approximately $40.6 million. This substantial purchase signals continued institutional interest in Ethereum despite recent market volatility. Large accumulation moves like this are closely watched by the trading community as potential indicators of confidence in the asset's medium-term prospects.