Summary
- It was reported that Bitmine recently bought an additional approximately 7080 ETH (about $19.8 million) two hours ago.
- It said Bitmine has recently, on several occasions, shown large-scale ETH buying movements, attracting attention as an institutional buyer.
- It said the market analyzes Bitmine's repeated buying pattern could be a positive signal for Ethereum's mid-term supply-demand improvement.
Bitmine, which has been steadily buying Ethereum (ETH), was found to have once again made a large purchase of Ethereum.
On the 2nd (local time), Lookonchain reported that Bitmine had added approximately 7080 ETH (about $19.8 million) around two hours ago.
Bitmine has recently, on multiple occasions, shown large-scale ETH buying movements and is emerging as an institutional buyer. The market says this repeated buying pattern could be a positive signal for Ethereum's mid-term supply-demand improvement.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
