Breaking: The giant whale has deeply immersed! Bitmine Immersion holds 12 billion dollars worth of ETH, accounting for 3.2% of the circulation 🐋

This is not an ordinary institutional position. An entity named Bitmine Immersion has just been disclosed to hold as much as 3.2 million ETH, valued at approximately 12 billion dollars. This represents 3.2% of the current total ETH circulating supply, a significant whale position that could shake the market.

Such a large-scale asset being locked up long-term by a single entity (most likely through staking) means that the liquid supply in the market is significantly tightened. From a supply-demand perspective, this is a long-term structural positive for ETH prices. However, traders should be cautious, as any future actions by this entity (such as unlocking or transferring) could trigger severe market volatility.

💡 Key Insight: The whale's "silent position" is a powerful bullish signal, but it also lays the groundwork for potential liquidity events in the market. Keep a close eye on on-chain movements.

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