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ETH stabilizes! Institutional heavyweight Bitmine declares: "If it falls below the cost line, I will back it up!"

Brothers, I just came across an explosive news——Ethereum whale Bitmine suddenly speaks out to protect the market! This guy holds 2.4 million ETH (accounting for 2% of the entire network), and last week he madly bought 264,000 ETH, directly throwing out 11.4 billion dollars in cash! What does that mean? In plain language, it means: "Don't sell recklessly! My cost is 3949 dollars, if it falls again, I will throw money to buy in!"

Now ETH price is stuck at the 4000 dollar mark, repeatedly bouncing around, only 200 dollars away from Bitmine's cost line. Those in the know understand that if this position collapses, institutions will be forced to cut losses + retail investors panic and stampede, a "Domino Effect" massacre can happen in minutes. But now he actively shows his cards: "I won't run, I will increase my position!" This move is equivalent to giving the market a shot of adrenaline——at least it can stabilize the situation in the short term!
Key points:
1️⃣ Defense of the cost line: Falling below 3949 dollars may trigger a chain reaction of liquidations, Bitmine is holding the stance of "I won't return until I defeat the enemy";
2️⃣ Real money supporting the market: An increase of 264,000 ETH is not a small amount, holding 11.4 billion dollars in cash, he speaks with confidence;
3️⃣ Market sentiment reversal: From "afraid of a crash" to "betting on a rebound", institutions clearly state they want to be the "whale catcher", will retail investors follow?

In summary: Bitmine is shouting through a loudspeaker——"Don't panic! I can afford to lose, you can play freely!" The short-term signal is stable, but the long term still depends on the market's mood. Brothers, do you dare to follow and go all in?