Bitmin Immersion Technologies bought 106,485 Ethereum currencies of $ 470.51 million in the last ten hours, bringing its total possession to 1.297 million Ethereum currencies of $ 5.75 billion, while removing a mysterious whale whale platform 92.899 is $ 412 million Four -day Kraken.
The Lookonchain platform confirmed this massive collection, which amounted to $ 882 million, and came after the panic of small traders who sold their currencies during the recent periods of decline.
In the same context, the assembly of Ethereum BlackRock has increased by 15 times a rate of its Bitcoin assembly in the last thirty days, its stock of Ethereum is 65% compared to the growth of its bitcoin with the growth of Bitcoin of 4%, while it was reported that President Trump had bought an additional $ 8.6 million in Ethereum, as well as $ 10 million Bitcoin.
Until the time of writing this news, the price of Ethereum is negotiated by a drop of only 10.22% compared to its highest historic level, which was recorded in November 2021 and $ 4891, with the arrival of the currency seeking worldwide in its highest level since 2021.
In this regard, the Santiment Platform for General Mood Surveillance has confirmed that negative comments on social media surpass positive declarations on Ethereum, despite its exceptional performance.
The company has monitored the feelings of “fear and the absence of confidence and suspicion” among small traders with the high price of Ethereum, while “the main investors collect untreated Ethereum currencies that small traders want to abandon now”.
Ethereum Laptop Companies between companies on Ethereum
Bitmin asked for an expansion of $ 20 billion to offer its stocks on the market, which increased the total result of the sale of shares to 24.5 billion dollars, with yields to acquire more Ethereum.
The company aims to acquire 5% of the total of Ethereum, which represents around six million Ethereum currencies worth $ 22 billion according to current prices.
Sharplink Gaming also announced that it had 728,804 Ethereum currencies until June 30, with around 100% to obtain a yield by converting it into an ETH investment tool. The company previously raised $ 400 million thanks to a share offer directly recorded at a price of $ 21.76 per share, should exceed the value of its possession of Ethereum, $ 3 billion.
In general, the highest monthly increase has ever monitored the holding of Ethereum companies last July, as it increased by 127% to 2.7 million Ethereum currencies worth $ 11.6 billion.
Only this week, twenty-four new entities joined the ranks of the storage institutions for Ethereum currencies, bringing the total of companies to 70 companies which have large quantities of Ethereum via various sectors.
Data related to Eterium currency reserves in several companies and boxes (ETF) on the Stock Exchange – Source: Strategic ETH reserve
For his part, the chairman of the board of directors, Thomas Lee, described the strategy of his Bitmine company as adopting the “5%mix” that the company is unique to its counterparts of CRIPTO storage companies in terms of asset size and liquidity of the shares. The company’s average daily negotiation volume for the company for five days was $ 1.6 billion, classified 42 out of 5,704 shares listed in the United States.
The surrender of small traders creates an ideal condition for a coercive liquidation wave
On August 13, Ethereum produced daily gains of around $ 553 million, according to data from the Glassnode website, which exceeded the long -term currency owners who were relatively inactive.
A graphic diagram shows the gains made from Ethereum currency in the past year – Source: Glassnode
Despite the high price of Ethereum by 43% per month, the current profits levels remained 39% lower than the peak last month when the currency was exchanged nearly $ 3,500.
Recently, the “Seven Sibes” group sold 19,461 Ethereum currencies of $ 88.2 million this week at an average price of $ 4,532, recording its first large liquidation since its collection of 1.21 million Ethereum currencies.
Nevertheless, despite the various reactions on the market, the capacities of Ethereum (Ethereum) seem positive for many. For example, investor Arthur Hayes abandoned his negative attitude towards currency with a purchase of $ 8.4 million, as he raised 1,500 Ethereum currencies as well as decentralized financing currencies (DEFI), after he expected previously at the cost of currency and money and $ 3,000 parallel, and his steps in violation of expectations.
Technical analysis indicates imminent penetration
Ethereum’s price comes down to around $ 4,439 after managing to overcome its highest level during the previous climbing cycle almost $ 4,800.
The high level of support is $ 4,367, which is the previous level of resistance which must be a new level of support to reach its highest historical levels.
The analysis of the thermal filter card reveals a large concentration of liquidity on current prices, in particular in the range of $ 4,800 to 5,200, because speculative transactions are formed on the low price and the points of loss of stopping a possible source of pressure.
Etheerium thermal filtering card – Source: Misster Crypto on X
The graph also shows that the majority of the liquidity pays the current price levels and not below, which suggests an increase in the scenarios par excellence, while the collection of institutions offers an essential incentive to launch a wave of short -term artistic liquidation, which prepares the conditions for a huge increase.
On the other hand, the sale of small investors out of fear when buying institutions can lead to Traditional transition The original of weak hands with strong hands, generally followed by large altitudes.
The current price concentration indicates the lowest liquidity groups to a large possibility of climbing if the Purchase of Purchase Ethereum to coercive liquidation areas. The three -day period confirms that the accumulation of liquidity has increased during several trading sessions and that it does not represent a temporary phenomenon.
Finally, the price of Ethereum is prepared for a sharp increase in a large number to $ 5,200,400, provided that the significant level of support is maintained at $ 4,225 in any drop.
The Bitmin position and an anonymous whale buy $ 882 million from Ethereum-Eth in conjunction with the sale of terrified investors appeared first on Arab Cryptonews.
