$ETH feels weighed down today, trading around $2,950, after BitMine’s massive accumulation pushed their average cost higher.
The 24-hour range saw opening near $2,940 and closing slightly above, reflecting quiet consolidation.
Watching the market, it’s interesting to see such concentrated holding create subtle tension without extreme panic.
From my view, this shows the long-term play of staking and positioning, even with $3.5 billion in unrealized losses.
It’s easy to read it as bearish, but the calm accumulation suggests patience may reward over time.
I remain observant, letting the market reveal its pace, keeping discipline and process first with
$ETH .
.
#eth #Bitmine #BMNR #Write2Earn #CryptoUpdates