BitMine Tom Lee purchased 41,788 ETH for $97 million — yesterday.
The company BitMine, associated with Tom Lee, continues to increase its position in Ethereum.
📌 My logic is simple:
when real money enters an asset, it becomes increasingly difficult for it to sustainably decrease in value.
At the same time:
• ~32% of ETH is staked and effectively removed from circulation
• supply is limited
• pressure is created not by fundamentals, but by market mechanics
⚠️ The crypto market today is primarily a CEFI infrastructure:
• prices are pushed up and down
• leverage is taken out
• profits are made on liquidations
And while huge amounts of money are being made from this,
the alt-season is simply not needed by the system — alas 🤷♂️
✅ My position remains unchanged:
I remain bullish and await growth.
The market can be irrational longer
than many are willing to endure.
But the fundamentals have not gone anywhere.
🤝 And the decision, as always,
each person makes for themselves.
$BTC $ETH