šØ Ethereum Supply Shock: Bitmineās $2B Mega-Move Threatens to Drain ETH Liquidity
The crypto markets just got a tremorāand this one's radiating from Bitmine's seismic $2 billion ETH play. Is the second-largest blockchain about to face a liquidity crisis?
The whale move no one saw coming
Institutional accumulation was supposed to be gradual. Then Bitmine dropped the equivalent of a small nation's GDP into Ethereum in what analysts are calling 'the most aggressive smart money positioning since the Merge.'
Supply math that should scare traders
With staking yields already compressing and L2s vacuuming up circulating ETH, this $2B buy could trigger the mother of all supply crunchesāthe kind that makes CEX order books look like ghost towns.
Meanwhile, Wall Street's still trying to price ETH like a tech stockābless their spreadsheet-bound hearts.
