BitMine Nears Its Self-Imposed Ethereum Buying Cap, Raising Demand Questions
BitMine Immersion Technologies will stop buying Ether once it reaches 5% of total supply, and Chairman Tom Lee said it needs only about 100,000 more ETH. Ethereum ETF investors have withdrawn money for eight straight sessions, reducing net assets from $17.69 billion to $15.64 billion. With no obvious replacement buyer, Citi says ETH could rebound to $3,028 only if ETF inflows reverse.
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