2026-01-17 05:32:59

The Ethereum ecosystem sees another large-scale deployment. Professional mining company Bitmine has continued to acquire 20,000 ETH through Kraken in the past 6 hours, worth approximately $65.4 million. Throughout this week, they have accumulated over 44,000 ETH, totaling about $146 million. This steady accumulation pace reflects institutional confidence in Ethereum's medium-term prospects. It is worth paying attention to how such large whale movements influence market sentiment.

ETH-0,41%

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MevShadowranger

· 4h ago

146 million sweep, this pace is really incredible, whales are quietly accumulating --- Bitmine's move shows strong confidence in ETH medium-term --- 20,000 coins in 6 hours, this speed is indeed a bit fierce, retail investors are still debating whether to buy or not --- Institutional entry is like this, we need to follow and get some benefits --- 44,000 coins swept within a week, is this paving the way for the upcoming market? --- Whales are buying, I need to see clearly whether they are genuinely optimistic or setting a trap --- $146 million in conviction, if it were me, I would have gone all-in already --- Such large-scale positioning directly boosts market sentiment

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GasWhisperer

· 4h ago

bitmine stacking 44k eth in a week? that's not just accumulation, that's a prediction made flesh. mempool's been wild but this level of conviction... ngl the gwei patterns don't lie. institutional confidence translates to network demand eventually, and demand = optimization opportunities most miss. watch the gas waves spike when this settles on-chain

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Layer2Arbitrageur

· 4h ago

honestly the accumulation pattern here screams coordinated conviction but lmao 44k eth in one week? run the numbers on their gas optimization costs across these kraken txns and there's probably 200+ bps leaking on slippage alone. imagine not using flash loans to delta neutralize that entry 💀

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BuyTheTop

· 4h ago

Whales are buying up again, this pace is pretty intense.

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