BTCC
/
BTCC Square
/
CoingabbarEN
/
BitMine’s Ethereum Mega-Buy Signals $5K ETH Price Target—Bulls Take Charge
BitMine’s Ethereum Mega-Buy Signals $5K ETH Price Target—Bulls Take Charge
9
2
Institutional crypto player BitMine just placed a whale-sized Ethereum bet—and the market's responding. Their nine-figure purchase screams confidence in ETH's march toward $5,000, triggering algorithmic traders to pile in.
Why this matters: When miners shift from sellers to hodlers, supply shocks follow. Last time this happened in 2024, ETH ripped 80% in three months. Traders are now front-running the 'miner FOMO' playbook.
The cynical take? Wall Street's late as usual—retail bagholders will buy the top after the real money's already taken positions. But for now, the charts don't lie: every dip gets bought faster than a DeFi exploit gets rugged.
Las Vegas, July 14, 2025—Publicly listed BitMine Immersion Technologies (NYSE: BMNR) has officially announced its massive bitmine ethereum purchase of 163,142 coins, now worth over $500 million, making it one... Read More
By:
