BitMine’s chairman, Thomas “Tom” Lee, has weighed in on the potential reasons for the recent crypto market’s performance and why he believes the prices may be near the bottom. Related Reading: Is The Bitcoin Bottom In? CMT Reveals What Investors Need To See Now ‘All Pieces In Place’ For Crypto Market Bottom On Monday, BitMine’s chairman and Fundstrat’s CIO, Tom Lee, discussed the recent market crash that has wiped out around 13% of the crypto market’s total value over the past week. During an interview with CNBC’s Squawk Box, the executive affirmed that the crypto market’s reaction to last week’s correction has been “much worse than expected,” as most cryptocurrencies retraced to eight-month lows. Lee argued that non-fundamental factors are responsible for the violent decline, listing the lack of leverage as one of the main reasons. He explained that leverage has yet to return to the crypto industry, as it “sort of deleveraged in October” and continues to see the ripple effect. He also considers that the precious metals’ massive rally in January has added pressure to the crypto market. “Now, when we have gold and silver doing so well, especially at the start of the year,” he asserted, “that created FOMO and was like a vortex sucking all risk appetite towards the precious metals trade.” BitMine’s chair highlighted recent geopolitical tensions and regulatory uncertainty in the US as factors for the weakening prices. “I think the broader economy’s actually in good shape. So, to me, the turmoil here is (…) there’s a lot of uncertainty because of Washington picking winners and losers. And some of this could be the new Fed pick.” Meanwhile, he stated that crypto fundamentals remain strong despite the recent price action. He expects that as long as fundamentals are good, “all the pieces are in place for crypto to be bottoming right now,” arguing that prices have tapped key support levels and “enough time has passed.” BitMine Bets on Ethereum Fundamentals In BitMine’s latest update, Lee also noted Ethereum’s on-chain activity and fundamentals, affirming that they have grown over the past few months even as the ETH price declined to multi-month lows. “During the crypto winter of 2021-2022 or 2018-2019, Ethereum transaction activity and active wallets declined, which is counter to what we have seen in the past 12 months,” he detailed. As a result, BitMine, the second-largest crypto treasury company in the world, has continued to bet on Ethereum during the recent crypto market price correction. The Monday statement announced that the firm had acquired 41,788 ETH in the past week, worth $110 million at current prices. Moreover, the latest purchase has raised BitMine’s holdings to 4,285,125 ETH, 3.55% of Ethereum’s total supply. Related Reading: Crypto Hacks Explode: $370 Million Stolen In January Alone: Researchers Recent online reports pointed out that the crypto treasury company’s unrealized losses rose to $6.6 billion amid this performance, putting the company “on track to become the 5th-largest documented principal trading loss in history if sold.” Nonetheless, “BitMine has been steadily buying Ethereum, as we view this pullback as attractive, given the strengthening fundamentals. In our view, the price of ETH is not reflective of the high utility of ETH and its role as the future of finance,” Lee concluded. Featured Image from Unsplash.com, Chart from TradingView.com
The second-largest cryptocurrency by market capitalization, Ethereum, appears to have quietly crossed an important critical threshold that has historically signaled major price expansions. While the Ethereum price action may still appear calm on the surface, underlying market structure and flow dynamics suggest a meaningful shift is underway. This type of transition typically occurs when accumulation replaces distribution, volatility compresses, and smart money positions ahead of broader market recognition. A Silent Shift That Usually Comes Before Violent Expansion Ethereum just crossed a quiet but massive threshold. Trader and investor Shuarix has mentioned on X that Zama has gone live with the first fully encrypted Initial Coin Offering (ICO) ever executed on the ETH mainnet, moving a confidential USDT and running a sealed-bid Dutch auction entirely on encrypted data. Related Reading: Ethereum Gains Institutional Support, Though ETH Price Outlook Remains Contested In just 3 days, more than $118 million was committed, over $100 million was shielded, and the auction was 218% oversubscribed with more than 11,000 verified bidders. At peak activity, the Zama application became the most-used app on ETH, surpassing both USDT and Uniswap during the event, with zero downtime and full ETH-level throughout. Crypto analyst Milk Road revealed that BitMine Immersion Technologies has made a large purchase of 40,302 ETH in a single move, which brings their total stack holdings to a massive 4,243,338 ETH, worth over $12.3 billion at the current price. In perspective, the company now controls 3.52% of the entire ETH circulating supply, and they’re not just letting it sit idle. According to Milk Road, BitMine has over 2 million ETH tokens already staked, generating $180 million in annualized rewards. This means the company is not just playing the buy-and-hold game, but compounding its position at scale, which is all well and good for BitMine. Meanwhile, this sustained buying pressure will help create a price floor for the long-term ETH holders. Furthermore, this move is the type of institutional accumulation that will keep ETH moving inside its ascending channel. Thus, this will help to pull the price back into that channel after the macro shocks temporarily push it out. “Below is the 2025 tariff shock. While the headlines try to muddy your view of things, this chart will tell the real story,” Milk Road noted. Accumulation Continues Despite Price Being Near Entry Levels The realized price of the Ethereum accumulation address is acting as a major support level. A crypto investor known as CW has also pointed out that ETH has only reached this realized price once in history, which is very similar to the current price range. Related Reading: Ethereum Stalls In A Critical Zone As Breakout Structures Wait For Confirmation However, the whale’s purchase price for ETH is not significantly different from the current price. Despite that, their ETH accumulation is increasing, indicating that whales still view the current price as fair value. This shows that they are preparing for an upward trend. Featured image from Adobe Stock, chart from Tradingview.com
Ethereum’s momentum in institutional markets just hit a major roadblock. After months of enthusiasm surrounding spot Ethereum exchange-traded funds (ETFs), new data has shown that ETF flows have sunk to their worst monthly total since their launch. The sharp drop reflects a broader cooldown in investor demand, as market volatility and shifting risk appetite weigh on crypto allocations. Will Staking ETFs Emerge To Stabilize Flows? In an X post, a crypto analyst known as Milk Road revealed that the Ethereum ETFs had just printed their worst month on record since launch, which is roughly $1.4 billion in net outflows, the largest single-month withdrawal that ETH has ever encountered. Related Reading: Ethereum Shows Signs Of Accumulation As CVD Strengthens And Correlation Stays Elevated Historically, ETF flow reversals tell more about liquidity pressure in the broader financial system than the long-term fundamentals of the asset itself. When redemptions spike this hard, it’s usually a sign that broader risk sentiment is cracking, not that the asset itself broke. Meanwhile, most investors don’t know that while ETFs were handing back, Digital Asset Treasuries (DATs) stepped in as aggressive buyers. BitMine Immersion Technologies (BMNR) quietly added over 300,000 ETH, worth nearly $800 million at the time, to its treasuries. If the ETF outflow continues to accelerate, the near-term price action will remain choppy as liquidity gets strained at the edges. However, if DAT inflows continue scaling, it builds the foundation for a tighter supply setup into 2026. The tension between this panicked short-term selling pressure and the quiet structural long-term accumulation is the most important dynamic for positioning. Why ETH Reserves Are Becoming Strategic Corporate Assets Crypto trader Bull Theory has noted that last week, BitMine bought an astonishing 138,452 ETH, worth $437.7 million. This single transaction solidifies their position as the largest ETH treasury in the world, holding 3.86 million ETH, valued at $12.4 billion and accounting for 3.2% of the entire circulating supply. Related Reading: Here’s Why Ethereum Emerges As The Global Capital Rails For On-Chain Finance The true source of rising ETH demand is that Wall Street is quietly building on ETH. BlackRock, with $13.5 trillion AUM, has launched tokenized funds on ETH and has filed for a staked ETH ETF. JPMorgan, with $4 trillion, Deutsche Bank, with $1.1 trillion, and Standard Chartered, with $800 billion, are developing tokenization and DeFi infrastructure using ETH and its Layer-2 networks. Institutions like Amundi, HSBC, BNY Mellon, Coinbase, Kraken, and Robinhood are all using ETH rails for custody and settlement or rollup infrastructure for scaling and security. Furthermore, large companies are now holding and staking ETH for yield. BitMine alone expects to generate $400 million+ a year in staking revenue from its position. Tom Lee believes that as staking demand grows and institutions scale tokenization increases, ETH could reach $12,000 in 2026. “A Bitcoin miner is now the largest Ethereum whale, Wall Street is building on ETH, and treasuries are shifting toward yield. ETH is quickly becoming part of the Global Financial System.” Bull Theory noted. Featured image from Freepik, chart from Tradingview.com
After losing the $4,450-$4,500 area during the recent market downturn, Ethereum (ETH) is attempting to hold a crucial level as support. Some analysts suggest that the leading altcoin is poised to bounce soon as crypto treasury companies continue to bet on the cryptocurrency. Related Reading: Bitcoin Stuck In Neutral While Markets Roar — Analyst Explains Why Ethereum Eyes Rebound Amid $4,100 Retest On Monday, Ethereum’s price dropped around 7% during the largest liquidation event of the year so far. Notably, the crypto market saw more than $1.7 billion in leveraged positions liquidated over the past 24 hours, according to CoinGlass data. ETH led the losses with nearly $500 million in liquidations, followed by Bitcoin’s $284 million. This dragged the King of Altcoin’s price to the crucial $4,100 support for the first time since August, hitting a one-month low of $4,077. Daan Crypto Trades highlighted that today’s event was the largest nominal Ethereum liquidation since 2021, when the cryptocurrency’s price dropped around 45% in a single day. However, various market watchers noted that the price decline was relatively tame compared to previous liquidations of this scale. As the second-largest cryptocurrency dropped to the $4,100 support, some analysts suggested that Ethereum is gearing up for a rebound. Merlijn The Trader affirmed that ETH is “following the blueprint” to a five-digit target. Per the trader, the cryptocurrency rallied to its previous all-time high (ATH) of $4,800 after breaking out of a multi-year bullish pattern. Following its breakout from an Adam and Eve formation in 2021, the leading altcoin retested the level as support and consolidated around this area for three months before the next leg up. This time, Ethereum displays a new textbook setup with a multi-year descending triangle formation, which was broken out of last month and is currently being retested as support. According to the market watcher, ETH could see a 2021-like breakout toward the $10,000 barrier. Nonetheless, Ted Pillows asserted that the altcoin must hold the $4,100 area as support for a short-term bounce. “If this level is lost, Ethereum will drop towards the $3,700-$3,800 level,” the analyst warned. BitMine Holds 2% Of ETH Supply Despite the market downturn, corporations continue to bet on the second-largest cryptocurrency for their Digital Asset Treasury (DAT) strategies. BitMine, the second-largest crypto treasury, revealed that it has increased its ETH holdings to nearly 2.5 million tokens over the past week, as part of its goal to hold 5% of Ethereum’s total supply. BitMine now owns over 2% of the supply with 2,416,054 ETH, solidifying its position as the largest ETH Treasury in the world. According to the Monday announcement, the company now holds $11.4 billion in assets, including the 2.4 million ETH tokens, 192 Bitcoin (BTC), $175 million stake in Eightco Holdings for its “Moonshot” initiative, and unencumbered cash of $345 million. Additionally, the company is the 24th most traded stock in the US, with an average daily volume of $3.5 billion, according to 5-day average data from Fundstrat. Related Reading: Solana Faces Deadly Selling Pressure After 312,233 SOL Deposit Into Coinbase – Here’s The Value BitMine’s chairman, Thomas “Tom” Lee, stated that the company continues “to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” adding that “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.” As of this writing, ETH is trading at $4,145, an 8% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The Ethereum price has spent the past weeks stuck in a wide consolidation zone, testing bullish momentum as analysts anticipate its next big breakout. One market expert has highlighted a critical level for ETH, suggesting that as long as the second-largest cryptocurrency can hold above this level, its path to surpassing the $5,000 milestone remains intact. Ethereum Price Faces Critical Level At $4,400 According to market expert Daan Crypto Trades on X social media, Ethereum’s recent price action has been choppy following two slow weeks of trading. The analyst’s chart shows that ETH has oscillated between $4,100 and $4,800, with several stop hints and liquidity grabs creating false moves on both the bullish and bearish side. Related Reading: This Is The Key Level That Stands Between The Ethereum Price And A Surge To $5,000 Despite these fluctuations, the $4,400 zone, which sits around the 200-day Moving Average (MA) on the 4-hour chart, continues to act as the key support level that stands between ETH and the $5,000 milestone. Daan Crypto Trades noted that this critical support is not just technical but also aligns with strong accumulation levels. The analyst highlighted that Bitmine Immersion Technologies, Inc. (BMNR) has been steadily adding to positions, though at a slightly lower pace as Net Asset Value (NAV) flows ease. This shows that as long as Ethereum can maintain its price above the $4,400 support level, buyers may remain in control. The chart clearly illustrates this battle for support. ETH’s dips below $4,500 have so far been short-lived, with price consistently bouncing back into the consolidation range. This repeated defense strengthens the case for Ethereum to sustain its momentum and build the foundation for a run above $5,000. For now, patient accumulation within the consolidation zone appears to be the market’s strategy as the cryptocurrency gears up for a potential breakout once broader conditions align. $5,000 Is Only A Matter Of Time In a follow-up analysis, Daan Crypto Trades reinforced his bullish view, noting that Ethereum is essentially in a “$5,000 waiting room.” The analyst’s chart highlights this view, showing ETH rebounding strongly after retesting the $4,400 region. With both the 200 MA and 200 EMA on the 4-hour chart acting as underlying support, the cryptocurrency’s structure appears intact despite short-term volatility. Related Reading: Ethereum Price At Risk Of Crash To $4,000, Is A New ATH Still Possible? Daan Crypto Trades suggested that while a retest of $4,000 – $4,100 is still possible, the market is unlikely to sustain a breakdown below that zone as long as ETH holds $4,400. In other words, maintaining this critical support could pave the way for new all-time highs. The chart also reflected the market’s resilience, with ETH rejecting the lows and quickly climbing back toward $4,600. Such a rebound often signals that bulls may be preparing for the next leg higher. If the momentum continues, Ethereum retesting its former all-time high of $4,868 and breaking above $5,000 may only be a matter of time. Featured image from Getty Images, chart from Tradingview.com
Worldcoin (WLD) has seen a 40% daily jump following Eightco’s announcement of the first WLD treasury strategy in the world. Amid the rally, some analysts suggest that the cryptocurrency could see a 200% run to the December highs. Related Reading: ‘Corporate’ Altcoin Season? Expert Shares How Crypto ETFs, Treasuries Could Change The Market Eightco Unveils First Worldcoin Treasury Strategy On Monday, public e-commerce infrastructure firm Eightco Holdings Inc. announced it has secured a $250 million private placement to implement the first-of-its-kind Worldcoin treasury strategy. According to the press release, Eightco’s capital raise involved the sale of 171.2 million shares of common stock at $1.46 per share, with an additional 13.7 million shares issued to BitMine, the largest Ethereum (ETH) treasury company, at the same price. On September 8, BitMine announced a $20 million strategic investment into Eightco Holdings Inc. (NASDAQ: OCTO) as part of OCTO’s $270 million private investment in public equity. BitMine’s investment marks the start of its “Moonshot” strategy, aiming to allocate 1% of the company’s balance sheet into projects to strengthen the Ethereum ecosystem and create value for BitMine equity shareholders. Thomas “Tom” Lee, Chairman of BitMine, noted that the company “wants to support and back innovative projects that create value for the Ethereum network. As an ERC-20 native token, World is aligned with Ethereum. World’s unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and their billions of human users.” Eightco stated that proceeds from the private placement will allow the company to adopt Worldcoin as its primary treasury reserve asset. It added that the treasury may also hold ETH as a secondary reserve asset, but the primary emphasis will be on WLD. “Worldcoin will serve as the Company’s primary treasury reserve asset. In connection with the closing of the offering, the Company intends to change the Nasdaq trading symbol of its common stock to ‘ORBS’, which is expected to take effect on September 11, 2025,” the press release reads. WLD Breakout Eyes 200% Rally Following the announcement, Worldcoin broke above the $1.50 barrier, hitting a three-month high of $1.58 and nearing a crucial resistance level. The cryptocurrency has been accumulating between the $0.60-$1.60 price range for the past seven months, failing to break out of this range during the May and August rallies. However, WLD has been recently gaining momentum, with its price surging around 30% over the weekend and reclaiming the $1.00 mark. Market watcher Alpha Crypto Signals noted that Worldcoin broke out of a nearly two-month falling wedge on the daily chart, signaling a potential trend shift for the token. They highlighted that WLD reclaimed the 9 EMA after the breakout, and the push beyond key resistance levels gave bulls the upper hand, adding that “WLD buyers took control exactly as anticipated.” Meanwhile, analyst LlucianoBTC pointed out a four-month falling wedge on WLD’s chart, affirming that Worldcoin is targeting a “spectacular” rally once the breakout is confirmed. According to the chart, the cryptocurrency has broken out of the formation’s resistance at $1.20 after two failed attempts, which could send the price to last year’s highs if momentum holds. Related Reading: Ethereum Price To Clear $5,000 If This Level Is Broken Similarly, Captain Faibik asserted that Worldcoin was on the verge of a multi-year trendline breakout on the daily chart, targeting a 200% rally to the December 2024 high, around the $4.00 area. Since then, the cryptocurrency has broken out of the major resistance and is attempting to reclaim the $1.50 level as support. As of this writing, Worldcoin is trading at $1.51, a 73% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com