Urgent Signal: BitMine Absorbs 71,524 $ETH — 4.04% Supply Locked
BitMine, led by Tom Lee, accumulated 71,524 $ETH in one week.
Total: 4.875M $ETH = 4.04% of supply.
This is not speculation — it’s systematic accumulation.
Why it matters:
Institutional-scale buying ($157M weekly)
Supply removed from active circulation
Ongoing accumulation = structural scarcity
We’ve seen this playbook with MicroStrategy and $BTC.
Now it’s unfolding on Ethereum.
Verdict: ETH supply squeeze in progress. Bullish.