Summary
- Bitmain reportedly added 72,898 Ethereum (ETH) in the recent bear market.
- It accumulated a total of 203,433 ETH (about $800 million) this week alone, with an average purchase price of around $3,935.
- The accumulated volume reportedly flowed into Bitmain's addresses through various channels, including centralized exchanges (CEX), market makers, ETFs, and OTC institutions.
Cryptocurrency mining and infrastructure company Bitmain is estimated to have recently added approximately 72,898 Ethereum (ETH) amid the bear market.
On the 18th (local time), Amber CN reported that three new wallets believed to be associated with Bitmain received a total of 72,898 ETH (about $279 million) from FalconX and BitGo over the past five hours.
This brings Bitmain's estimated accumulation to a total of 203,433 ETH (about $800 million) this week alone, with an average purchase price of around $3,935. The volume appears to have flowed into Bitmain addresses through various channels, including centralized exchanges (CEX), market makers, ETFs, and OTC institutions.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[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)