🚨BITMINE BUYS 154K $ETH AS RETAIL REMAINS IN UNCERTAIN $FRAX
Tom Lee’s BitMine just staked another 154,304 ETH, bringing its total staked holdings to 1,685,088 ETH. $DCR
At the same time, new ETH wallets hit an all-time high, with 393,600 created in a single day.
As more ETH is locked in staking and on-chain activity surges, circulating supply tightens; a dynamic that could increase supply pressure and leave retail feeling the impact as prices recalibrate.
The 90-day average sell volume has dropped from ~2,300 $BTC to ~1,000 BTC, signaling long-term holders are stepping back - a potentially bullish setup. 👀