2025-12-31 17:23:33

Bitmine recently made a major move—investing $97.6 million to directly purchase 32,938 ETH, followed immediately by staking 118,944 ETH. Currently, the company's total staked amount has reached 461,504 ETH, with a book value exceeding $1.37 billion.

Interestingly, shortly after this large purchase, the price began to weaken. What does this really mean? Is it a signal of institutional accumulation, or a warning of a market sentiment shift?

Currently, the BTC market is unstable, and all eyes are on ETH—whether it can drive the sector higher during this critical period will directly determine the subsequent trend. For bearish traders, this is a time to be especially cautious, as market reversals often occur between a few large orders.

ETH4,41%

BTC2,33%

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FOMOSapien

· 12h ago

97.6 million USD gobbled up 32,938 ETH in one bite, how bold do you have to be to throw that much around... --- It's the same old trick again—big players buy and then the price drops. Why do I feel like I've been cut? --- 461,504 ETH are locked in staking. Are they betting on ETH's rise or just trapping themselves? --- What does a weakening price indicate? Are retail investors fleeing, big players bottoming out, or is it just the same old trick? --- This situation looks a bit fierce, but I still don't dare to go all-in. --- If institutions are playing like this, should retail investors hold back or follow the trend? Truly a tough choice. --- What if this isn't a signal of building a position, but rather a trap for the last-minute buyers? No one can answer that. --- Whether ETH can turn around this wave depends entirely on it; everything else is just nonsense.

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Whale_Whisperer

· 01-01 17:47

The big whale dumped nearly $100 million worth of ETH and immediately staked it, then the price dropped right after... What's going on? Are they manipulating the market? --- 461,504 ETH, damn... That’s a serious move. If I could buy at this level, I’d be set. --- Wait, does the price drop right after a big buy? So it was a fake breakout? That tactic is a bit dirty. --- Is the institution positioning or unloading? This is a question that on-chain data should be able to tell us. --- Holy shit, $1.37 billion in buy pressure—how much confidence in ETH does that take to do? --- I'm a bit panicked being bearish... This rhythm feels off.

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ponzi_poet

· 2025-12-31 17:53

97.6 million invested and it still drops? That's a bold move... Are the big players all waiting for a lower level?

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ReverseFOMOguy

· 2025-12-31 17:52

97.6 million USD invested and it still drops, isn't that a clear contrarian indicator haha

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HodlVeteran

· 2025-12-31 17:47

Institutions are pouring so much money in, but the price is actually falling? I've seen this tactic before; it tricked me once back in 2017... Now, for those who are bearish, you really need to stay alert and not get shaken out.

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EntryPositionAnalyst

· 2025-12-31 17:31

Big institutions pouring money into ETH but ending up with a drop? This script has a bit of a twist... Are we watching for building positions or unloading? The calculations are quite precise; $1.37 billion in chips is no joke. But the price weakening at this time does make people think. Brothers who are bearish, don't get too arrogant. Large orders are often turning points. Be careful of being crushed. If ETH can hold up this wave, the BTC market might become easier to handle.

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ApeDegen

· 2025-12-31 17:26

97.6 million USD invested and the price actually drops? That's crazy. Even big players are starting to get trapped.

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