Crypto Scenario Insights
What happened
Institutional buyer Bitmine has accumulated over 5.5 million ETH since mid-2025, reaching 4.6% of the circulating supply.
What we think
The real economic impact of Bitmine's potential withdrawal from the buy side centers on market structure and liquidity dynamics.
Read the analysis
Will Ethereum's Price Face Liquidity Exhaustion as Bitmine Approaches Its 5% Accumulation Cap?
We explain what happened and what could follow. We do not forecast prices.