ETH supply shock confirmed by major mining giant
While the market focuses on $BTC consolidation, a major institutional signal just dropped that cannot be ignored.
BitMine, one of the largest miners globally, aggressively increased its $ETH reserves by 138,452 tokens this past week. Their total stash is now a staggering 3.86 million $ETH.Miners are traditionally forced sellers to cover operational costs, especially electricity bills. When a player of this magnitude decides to hoard an asset instead of distributing it, it signals profound long-term conviction in the asset's trajectory. This is a massive, quiet supply sink forming beneath the surface. It primes $ETH for a significant upward movement once macro demand returns, absorbing available floating supply. Institutional accumulation is the ultimate leading indicator.
This is not financial advice.
#ETH #Crypto #SupplyShock #OnChain
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