Ethereum Supply Shock on the Horizon? BitMine Accumulates 319,000 ETH in a Week
Recently, BitMine Immersion has reportedly accumulated a staggering 319,000 ETH in just one week, highlighting growing institutional confidence in Ethereum's long-term value. This massive purchase, valued at over $1 billion, has tightened market liquidity, potentially triggering an Ethereum supply shock.
Key Points
- 319,000 ETH represents 0.26% of Ethereum's total supply removed from circulation.
- If BitMine continues at this pace, it could demand an additional 4.1 million ETH in the remaining 13 weeks of 2025.
- The current liquid supply on exchanges is only about 11 million ETH.
- Ethereum's staked supply has reached record levels, indicating a strong recovery of market confidence.
- There are over 1.05 million active validators with 35.6 million ETH staked, equivalent to 29.4% of the total supply.
In-Depth Analysis
BitMine's large-scale acquisition reflects strong market confidence in Ethereum's future. Analyst Paul Barron notes that if more institutions follow BitMine's lead, the market could face an unprecedented supply crisis, potentially more severe than in 2021. As more Ethereum is locked in staking, liquidity is diminishing, tightening the market.Meanwhile, despite bearish on-chain data two weeks ago, the situation has reversed. The validator exit queue has rapidly decreased to 616,898 ETH, indicating a restoration of confidence in staking. Bull Theory shows that the amount of staked ETH is increasing, highlighting growing demand in the Ethereum market.
Market Impact
With the influx of institutional investors, the market may experience significant supply tightening. The current liquidity situation suggests that Ethereum prices could see substantial increases in the coming months. Barron predicts that if this trend continues, the price of ETH could reach $15,000 by December.Consider registering through Binance registration link or entering the code YAOQING88888 directly to seize investment opportunities. Binance currently offers up to 20% in fee rebates and attractive coupon rewards, helping you capitalize on market chances.