bitmine bought 3.2% of ethereum's total supply for $12.46b and announced they're going to 5%. tom lee's firm is absorbing 138,452 eth weekly during peak bearishness. no institution has ever openly targeted 5% of a top 2 crypto. exchange reserves at 8.84% all time low. they're telling you the price discovery hasn't started. #bitcoin #btc #crypto #eth
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bitmine bought 3.2% of ethereum's total supply for $12.46b and announced they're going to 5%. tom lee's firm is absorbing 138,452 eth weekly during peak bearishness. no institution has ever openly targeted 5% of a top 2 crypto. exchange reserves at 8.84% all time low. they're telling you the price discovery hasn't started. #bitcoin #btc #crypto #eth