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Ethereum Whales on Buying Spree As Crypto Market Pulls Back

Ethereum whales have purchased over $350 million in ETH during a recent market downturn, demonstrating their confidence despite macroeconomic challenges. Large investors are capitalizing on the market dip, as evidenced by substantial on-chain activity indicating accumulation rather than retail participation. Notably, a new wallet acquired 20,000 ETH worth approximately $70 million, while another whale bought 24,007 ETH through Galaxy Digital’s OTC desk. The largest transaction involved a purchase of 58,811 AaveETH, totaling $206 million. Analyst Rachel Lin noted that the rapid accumulation by institutional investors signals a strategic approach to apparent low prices. This trend is complemented by a shift where whales, holding between 10,000 to 100,000 ETH, have increased their balances significantly, as retail investors reduce their holdings. The current market reflects potential recovery indicators, as Ethereum has gained about 10% since its recent low, trading around $3,533. Experts suggest that continued accumulation could persist if macro conditions stabilize, amplifying potential price rallies in the future.

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Digital Asset Treasury Selling Near Exhaustion as BitMine Deepens Ether Bet

B. Riley has indicated signs of stabilization in digital asset treasury companies after a period of decline. While losses continued in the past week, attributed to macroeconomic risks and ongoing deleveraging, BitMine (BMNR) has notably increased its ether holdings to 11.2 ether per 1,000 shares, well above the

Digital Asset Treasury Selling Near Exhaustion as BitMine Deepens Ether Bet: B. Riley

B. Riley has observed potential stabilization in digital asset treasury companies despite recent losses. The bank noted that macro conditions are improving and selling pressure may be easing as short sellers pull back. Meanwhile, BitMine has increased its holdings to 11.2 ether per 1,000 shares, significantly higher than

Digital Asset Treasury Selling Near Exhaustion as BitMine Deepens Ether Bet

B. Riley has identified signs of a potential rebound in digital asset treasuries after a period of declining performance. Although companies in the sector reported losses in the past week, BitMine Immersion Technologies (BMNR) has notably increased its ether holdings to 11.2 ethers per 1,000 shares, significantly higher

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