$450 million worth of ETH locked again! Is this a sign of a bull market or a liquidity crisis?



Bitmine has staked over 190k Ethereum again, worth about $450 million.
The core impact of this kind of operation is only one thing:
Reducing circulating supply.
In theory, this is bullish for the price.
But reality is more complex:
ETH's current problem is not supply, but "narrative fatigue."
From DeFi to NFTs, to L2, the market has gone through multiple story cycles.
What is missing now is—new growth points.
So you'll see a phenomenon:
More and more tokens are locked, but the price doesn't explode.
Because what determines the price is not just supply, but also sentiment and capital.
In one sentence:
Locking can support the floor, but can't make it take off. #Gate广场五月交易分享
ETH-0.25%
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CoinWay
· 5h ago
Get in quickly!🚗
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CoinWay
· 5h ago
Hop on now!🚗
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CoinWay
· 5h ago
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CoinWay
· 5h ago
Hop on quickly!🚗
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CoinWay
· 5h ago
Hop on quickly!🚗
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CoinWay
· 5h ago
Hop on now!🚗
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CoinWay
· 5h ago
Hop on now!🚗
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CoinWay
· 5h ago
Hop on now!🚗
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CoinWay
· 5h ago
Hop on now!🚗
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CoinWay
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