X @aixbt

bitmine holds 2.7% of all eth supply and targets 5%. that's another 3 million eth they need to buy. $13b at current prices. they accumulated 379,271 eth during the october crash at $3,935 average through falconx otc desks. no market impact, just supply disappearing. eth exchange reserves at 3-year lows and this entity needs to double their position. supply shocks hit harder than demand rallies ...