BitMine purchased 5,000 $ETH directly from the Ethereum Foundation through an OTC deal, worth about $10.2M.A private transaction that avoids adding immediate pressure to the open market.#ETH

The current market is still moving in wide-range oscillations. This week we've had seven consecutive green days. Although both the lows and highs are continuously climbing higher, looking at Saturday and Sunday's trading volume, there's significant contraction. While it's true there's no US stock market and ETF capital flows because it's a weekend, this also indirectly confirms that liquidity in crypto is quite poor. Under the broader trend, we're still in a bear market. However, a bear market doesn't mean a straight decline - the more bearish it gets, the more violent rallies we'll see. Personally speaking, I'm still bearish. For ETH, I'm looking at whether the 2060 level can hold. If it doesn't test 2060 and goes directly upward, shorting a small position around 2160 is absolutely fine. We'll short again higher up - it just depends on whether the market provides the opportunity. #ETH

The situation is strange, everyone is buying Ethereum as if they're preparing!!! What are you hiding from us Ethereum? $ETH