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BitMine related Address large purchase of over 6000 ETH, is the on-chain Whale positioning again?
According to on-chain data from 【区块律动】, BitMine-related wallets have recently made another move, purchasing 6,678 ETH through BitGo, with this transaction valued at approximately $19.63 million. From the scale of the transaction, this is not a small amount — acquiring such a large quantity of ETH at once indicates that large institutions recognize the current price.
Interestingly, this is not the first time BitMine has operated this way. Continuous buying behavior usually reflects institutional expectations for the market outlook. The on-chain activity and large transfers of ETH are worth continuous attention, as the movements of whales often provide some reference signals for market participants.