Bitmine increased its holdings by 135,000 ETH this morning, bringing its total holdings to 1,297,000 coins, accounting for over 3% of the circulating supply in the ETH treasury company.

This guy is simply a super fan of ETH, and the continuous increases have boosted the confidence of the entire ecosystem, especially against the backdrop of a mysterious institution buying 90,000 ETH in 4 days, it feels like the big players are collectively hoarding.

In my personal opinion, this wave of operations will stabilize the ETH price, potentially challenging $5,000 in the short term, but be cautious of the lesson learned from the liquidation exceeding $380 million; don't play with too much leverage, and it is advisable to gradually build positions and wait for a breakthrough.