💥BitMine aggressively bought 42k ETH. Is 1,734 the bottom?



Don't rush—the 1,680 liquidation zone is the key.

Smart money is quietly accumulating, while retail investors are still waiting for direction. Who's right and who's wrong? The market will give the answer soon.

ETH is currently at 1,742, consolidating between 1,740 and 1,800 for several days. The MACD bullish momentum is weak, and volume is shrinking. The ceiling above is at 1,786–1,800.

BitMine bought another 42k ETH last week, now holding a total of 5.74 million ETH, accounting for 4.8% of the total supply. They've staked 4.87 million ETH, generating $235 million in staking rewards annually. While others panic, they are greedy—this is real money speaking.

But the liquidation map shows a dense cluster of longs near 1,680. A breakdown there would trigger a cascade. I'm bearish in the short term, but I'm watching for a bounce opportunity around 1,680.

In terms of trading, short on stalling near the current price of 1,750. If 1,745 holds, go for a quick long targeting 1,786–1,800. Don't chase pumps or dumps.

Both bulls and bears are building up for a big move. Whoever gives in first gets knocked out. Follow my channel—I'll notify you as soon as direction is clear. 🚨
#GT二季度销毁257万枚 #Vitalik公布精简以太坊路线图 $BTC $ETH $SKHYNIX
BTC1.61%
ETH1.56%
SKHYNIX-4.17%
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