According to on-chain data, BitMine has made a large-scale purchase during the market adjustment, injecting $140 million worth of Ethereum into the treasury. This move reflects the strategic positioning of institutional investors during volatile periods—when market sentiment fluctuates and prices pull back, large participants tend to increase their asset allocation. From on-chain monitoring data, such position changes usually indicate that market participants are optimistic about the long-term value of ETH. Similar capital flows often serve as important reference indicators of market sentiment, especially in key price regions of mainstream assets.