The crypto whale surfaces, BitMine's tens of billions of holdings shock the market!

Brothers, I am Long Ge. I just saw the explosive news from PANews—Ethereum treasury company BitMine suddenly revealed its assets, with total assets skyrocketing to $9.21 billion! Simply put: they hold 2.06 million ETH, 192 BTC, plus $266 million in cash reserves. This scale is equivalent to the foreign exchange reserves of small to medium-sized countries around the world!

My view is very clear:

 The holding amount of Ethereum is astonishing—2.06 million ETH accounts for about 1.7% of the circulating supply, this concentration may affect market liquidity and even become a potential leverage for price fluctuations.

Cash + coin mixed strategy—indicates that institutions are optimistic about the long-term value of crypto while leaving enough ammunition to deal with volatility, which is a typical operation of "holding coins in a bull market, bottom-fishing in a bear market" for smart money.

The Bitcoin holdings are relatively small—this may imply a greater optimism for the future explosion of the Ethereum ecosystem, rather than solely relying on BTC's narrative of value storage.

Note: The movements of such large institutions are often the market's weather vane. If BitMine increases or decreases its holdings subsequently, it may trigger a chain reaction.

BitMine's holding movements are just the tip of the iceberg. If you want to learn more about the dynamics and analysis of the crypto market, don't forget to follow Long Ge, teaching you how to avoid the scythe and get straight to the table for the meat! #山寨币市场回暖