⭐️ Now BitMine has spent another 600 million dollars in 10 hours to buy 135,000 ETH, and now they are holding nearly 1.3 million ETH, worth almost 5.8 billion. The momentum hasn't stopped.

⚠️ However, ETF money seems a bit hesitant, with a total net outflow of over 58 million dollars yesterday. BlackRock is still buying, but Fidelity and Grayscale are still experiencing outflows, unlike before when there was only inflow.

💰 Currently, the price of Ethereum is fluctuating wildly, with ETH having surged to nearly 4,800 dollars before dropping back below 4,400 yesterday, and volatility has increased, now returning to just over 4,400.

✅ However, the old giant whale artifact has awakened; an address that hasn't moved for 10 years and bought 334 ETH for only 103 dollars back in the day has now moved, and is now worth 1.48 million dollars, truly multiplying by over ten thousand times.

🌏 Some are getting rich while others are fleeing; there's a snowballing god who started with a capital of 125,000 in April, going long on ETH from the low point, and now holds Ethereum worth 300 million dollars, with peak unrealized gains of 43 million, currently nearly 25 million. Others have taken profits and run, with a giant whale selling over 5,000 ETH for 23.6 million dollars, earning 11.84 million.

💥 It feels like the current enthusiasm is still there, but it's not as crazy as a few days ago. Large funds are not so consistent, with some starting to take profits. Price volatility is increasing. Whether to continue pushing higher or to consolidate and digest will depend on BitMine's subsequent actions and whether ETF funds can stabilize. I believe we may have to wait until the end of August or September, when it may become clearer during the altcoin season.