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Suspected Bitmine Withdraws $41 Million Worth of ETH from BitGo.
On June 12, according to Arkham monitoring, a newly created whale address 0x17A withdrew approximately $41 million worth of Ethereum from custody provider BitGo. The fund flow pattern is similar to previous behaviors of Tom Lee's Bitmine funds buying, sparking market speculation about "institutional continuous buying." [Original link]
Next, three things need to be monitored: whether the related funds continue to flow in, whether on-chain transaction volume and holdings keep expanding, and whether project parties or regulators provide new confirmation information. A single news flash can only indicate that sentiment has been ignited; subsequent data will determine whether it can develop into a trend.
Risks should also be considered: if subsequent trading and capital flow cannot keep up, the market may easily absorb it as a one-time pulse.
$eth #链上数据 #Regulation #区块链 #Crypto Market