BitMine is frantically shopping, aiming for 5% of the total supply of $ETH . The latest data shows that the total Holdings have exceeded 4 million coins, and they are accelerating purchases at a rate of 100,000 coins per week.

You can actually think about what kind of impact it will have when the Holdings reach 5%.
The total supply of ETH is approximately 120 million coins. Reaching the 5% target means that BitMine will lock in nearly 6 million ETH for the long term.
Imagine a scenario where, in a system of continuous deflation or even mild inflation, the largest buyer suddenly announces that they will permanently take away 1/20 of the market's inventory. This is not just an increase in demand; it physically reduces the chips available for trading. When sell orders are exhausted and the whales are still voraciously consuming, there is only one direction for the price resistance to go: straight up.
There is another key point, don't forget. About 1/4 of ETH is still in a staked state, along with the DeFi locked amount. The market's true "circulating supply" is much smaller than the total supply.
The 5% locked by BitMine may actually account for 15%-20% or even more of the real circulating supply. Market depth has sharply thinned, and liquidity has run dry. What does this mean? It means that the same amount of buying funds in the future will result in price increases several times more exaggerated than now.
I have started dollar-cost averaging $ETH from this month until this downward trend completely ends. I believe this is a great buying opportunity. In the next bull market, ETH has a high probability of breaking new highs, and there will be a good outcome next year.
‍#今日你看涨还是看跌？