Bitmine continues to purchase more Ethereum, withdrawing 184 million USD from the Falconx exchange.

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Bitmine seems to be continuing its strong Ethereum Accumulation strategy (ETH) in the crypto market. The latest blockchain data shows that two new wallets — believed to be associated with Bitmine — have withdrawn a total of 45,814 ETH ( worth approximately 184 million USD) from the FalconX exchange about 9 hours ago.

This transaction continues the recent series of large purchases by wallets linked to Bitmine, demonstrating strong institutional confidence in the long-term value of Ethereum. Analysts suggest that withdrawing large amounts of ETH from centralized exchanges often indicates that investors want to hold for the long term, while also reducing the circulating supply. As the price of Ethereum is accumulating, this move could impact market sentiment and create upward price pressure in the near future.

ETH-1.45%
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