Bitmine is frantically accumulating 70,000 ETH! Holdings are approaching 5% of the supply, are institutions betting on a rebound in advance? $BASED $JOJO $AGT

Recently, the market has been a bit cold, but the actions of large holders have been getting more aggressive. Bitmine has added 71,179 ETH in one go, bringing their total holdings to about 4.73 million, accounting for nearly 4% of the total supply. In just 8 months, they have achieved nearly 80% of their goal of holding 5% ETH; this pace clearly indicates they are not just testing the waters but are making a substantial investment.

Chairman Tom Lee also made it clear: it is about positioning now. They have been continuously accelerating their purchases over the past few weeks, with last week showing a significant increase in intensity. The underlying judgment is quite simple — the market may be nearing the end of this downturn. Although there are still fluctuations in the short term, the value in the medium to long term is starting to emerge; if you don't enter the market now, it will be too late when the rebound comes.

Interestingly, he mentioned a recent change in the market: the performance of crypto assets has begun to outperform stocks, even surpassing gold. This indicates that the market is redefining its role, not just as a high-risk asset but as a kind of 'safe haven for value during special periods.'

In addition to buying coins, Bitmine has also been active. They have simultaneously increased their staking, putting about 3.14 million ETH into operation, which accounts for about two-thirds of their holdings, stabilizing cash flow output. Currently, the annualized yield has reached $177 million, and if full staking occurs in the future, it could reach $266 million.

In simple terms, this is not just about hoarding coins, but treating ETH as a complete asset allocation for management. When institutions start to play this way, the market atmosphere usually won’t stay too cold for too long. #Global market fluctuations