Bitmine's recent operations are also incredible. If the buying time had been pushed to today, the Ethereum chips in hand could have directly doubled.
This situation is simply too intense, a typical "institution-level absorption." From a macro perspective, this is a misjudgment of the Federal Reserve's tightening pace and the transmission of geopolitical conflicts, perfectly missing the golden position for this round of price decline. Now, on-chain data shows that the positions of large holders have been significantly washed out, and liquidity shrinkage has not yet seen its bottom. This kind of precise pitfall operation only indicates that large institutions are also retail investors, simply replicating old strategies.
Although this position looks cheap, the short-term pressure is still significant. Blindly bottom-fishing for institutions' "regret medicine" is not that easy. What do you all think? Is this wave because institutions haven't fully dropped, or are they deliberately creating narratives to lure in more buyers? #Bitmine #Ethereum #MacroAnalysis #流动性 $ETH
