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BitMine made a significant purchase of over 67,000 ETH in 24 hours, with frequent institutional activity.
[Block Rhythm] In the last 24 hours, Tom Lee's BitMine has made a big move—buying 67,886 ETH at once, getting dumped 201 million dollars. This purchase is not a small deal. From on-chain data, this scale of continuous buying reflects institutions' attitudes towards the mid-term trend of ETH. Large players like BitMine never act without reason; every move they make impacts the market. In the current market environment of ETH fluctuation, such institutional arrangements are worth following.