Tom Lee’s BitMine Acts Fast as Ethereum Whale Pattern Breaks | US Crypto News
Tom Lee’s BitMine aggressively bought 9,176 ETH from Galaxy Digital OTC, signaling strong conviction amid a split in whale behavior.Summary
Ethereum (ETH) is experiencing a divergence in whale behavior as the price hovers around $3,100, with some long-term holders selling at breakeven while others accumulate heavily. Tom Lee’s BitMine is aggressively buying, evidenced by a recent purchase of 9,176 ETH ($29.14 million) from a Galaxy Digital OTC wallet, adding to its total accumulation of 19,500 ETH in November. This contrasts with other whales who are selling or adding leverage while deep in losses, such as the Machi brothers increasing their long positions on Hyperliquid. Furthermore, a Tornado Cash-linked wallet, potentially associated with Richard Heart, sold $16.29 million in ETH. The market anticipates volatility ahead of Ethereum's major Fusaka upgrade in December, which follows the positive price action seen during the smaller Pectra upgrade.
(Source：BeInCrypto)