Bitmine is planning to buy 10k ETH from the Ethereum Foundation, totaling approximately $23.9 million.


The market usually interprets such actions as spot absorption, taking in some of the supply that might have flowed out.
For $ETH , the most direct implication of this type of buying is that short-term selling pressure has been absorbed, making a rebound more likely to continue.
$ETH
ETH0,39%
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GateUser-df2e8be3
· 17h ago
Steadfast HODL💎
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