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BitMine Will Stop Buying ETH at 5% of Supply, Tom Lee Says

Published Source: The DefiantRead original

Crypto Insight Summary: The company reported 6,016,414 ETH as of Oct. 4, while Lee estimates roughly 100,000 tokens remain before it reaches the ceiling. Crypto Insight Analysis: Direction: Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: ETH demand pressure may ease as BitMine halts accumulation.

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BitMine Will Stop Buying ETH at 5% of Supply, Tom Lee Says — Crypto Insight