Bitmine immersion reportedly accumulated stunning 319,000 ETH in just one week. A huge purchase, worth over a billion dollars, emphasizes the growing belief in the long -term value of Ethereum among institutions and enormous players, tightening the liquidity of the market.
Can this cause a crunch of Ethereum?
In traffic that emphasizes the growing institutional trust in Ethereum, Paul Barron mentioned At the X Bitmina immersion, 319,000 ETH has just consumed in one week, which corresponds to 0.26% of the total Ethereum sum provide Removed from the circulation.
Barron will extrapola this acquisition speed, calculating the same speed, Bitmine It may require an additional 4.1 million ETH within 13 weeks remaining in 2025, this demand would achieve the market where the current silky supply of stock exchanges is only about 11 million ETH.
He concludes that if only three to four institutions accepted the Bitmine textbook, the combined demand would cause that the market would have to face the supply crisis, which is stronger than in 2021. market It suggests that deflation pressure accelerates.
According to Barron, Shrewd Money is positioning now. He predicts that although retail investors will start chasing ETH at levels above USD 8,000, Ethereum can reach USD 15,000 by December, which is “mathematical inevitability” if this institutional FOMO will spread.
Blocked ETH supply achieve record levels
While the outstanding figure gathers ETH every week, Ethereum is on the verge of supply shock, despite the speech of bears on the chain two weeks ago. However, at the end of August, the bull’s theory revealed that the data in the chain showed a jump in the selection queue of validation 1 million etThe highest for months.
Development can signal fear and potential pressure for sale, but the narrative has reversed. Currently, the input queue of the validators has returned to 787 085 ETH in a 14-day expectation, which indicates a sturdy return of trust and is growing demand to the rate. Meanwhile, the validation queue rapidly dropped to 616 898 ETH in a 10-day expectation, which is a clear sign that its previous peak disappears quickly to almost 1 million ETH. This change shows that less validators leave networkAnd the pressure to spread quickly decreases.
Ethereum has over 1.05 million busy validators, with 35.6 million ETH, which corresponds to 29.4% of the total supply, and a constant APS 2.89%. According to the bull theory, this is how delivery squeeze Pleasures: initially it starts slowly, and then immediately when the fluidity is moist and more ETH is closed.
A distinguished picture from Pixabay, chart from tradingview.com
