Eth Tanks, BitMine Goes on a Buying Spree: HODL or Cry? 😂💥

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Ethereum
3,908
ENDED? WELL, COULD BE WORSE, RIGHT?
oh, and the volatility’s up 3.2%, market cap’s a whopping 470.29 billion-blame the universe or whatever. Vol. 24h? 33.27 billion. Slippery slope or what? On Oct. 21, it slipped below 4,000 bucks, down 5% in 24 hours. Retail folks freaked like it was the end of Fleabag, but big boys? They saw discounts. Oh, darling, institutional types, always smelling opportunity in the chaos.

Oh, and get this: on-chain sleuths spotted BitMine’s wallets hoovering up 63,539 ETH, about 251 million dollars, right in the middle of the nosedive. Straight from Kraken and BitGo to three shiny new wallets. Classy move. 🤡💰

It looks like Bitmine(@BitMNR) just bought another 63,539 $ETH($251.6M).

8 hours ago, 3 new wallets received 63,539 $ETH($251.6M) from #Kraken and #BitGo.#Bitmine currently holds 3,299,553 $ETH($13.07B), 2.73% of the total supply.…

– Lookonchain (@lookonchain) October 21, 2025

BitMine, led by that sage analyst Tom Lee-who’s probably not just good at charts but also at justifying splurges-has been amassing ETH like it’s going out of fashion. Now they’ve got 3.29 million ETH, worth over 13 billion. That’s 2.73% of the lot. They’re gunning for 5%, because why not dream big, eh? Lee calls this dip a “buying opportunity” and part of an “Ethereum supercycle.” Bold. Sarcastic. Me. 🎢😏

And his price yell? 10,000 to 12,000 by year’s end, thanks to institutions piling in and some macro mumbo-jumbo. Sure, Jan, whatever helps you sleep at night-or in this case, pump those coins.

Analysts See Near-Term Rebound to $4,440

Right now, Eth’s loitering around 3,880, market cap at 468 billion. Yesterday, Oct. 20, those spot Ethereum ETFs had a bad hair day, losing 145.6 million in outflows. People bailing like rats from a sinking ship? Always so dramatic. But analysts? Oh, they’re optimistic-bless their bullish hearts. Chuckle.

Crypto wiz Ali Martinez, who nailed the dip, now reckons 4,440 is next. He cites some descending channel nonsense from August. What a chart geek. 📈🤓

Next stop for Ethereum $ETH: $4,440.

– Ali (@ali_charts) October 20, 2025

According to his “trajectory,” today’s dip is just a cheeky correction post-rally. Healthy? For whom, the crypto whales or the little guys with FOMO? 😅

And trader Merlijn? He’s comparing Eth to gold‘s 2024 breakout, right before it hit ATH. “This is how five-digit ETH begins,” he tweets. Alarming, or aspirational? Probably both. Like planning a wedding during an apocalypse-Romcom vibes all the way to 10,000. 💍🚀

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2025-10-21 16:23