Ethereum’s Wild Ride: Will Tether Rescue ETH After a 7% Freefall?

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Key Takeaways

So, what happened to Ethereum in the market shakeout?

Oh, you know, just another day in crypto land. Ethereum dropped a juicy 7% this week, while Bitcoin casually slipped around. Meanwhile, Tether decided to throw a billion-dollar lifeline with USDT, possibly fueling a buy-the-dip or squeeze-’em-all maneuver. Classic.

What’s BitMine up to while the market throws tantrums?

BitMine, the ever-so-confident investor, decided it was time to take advantage of the chaos. It added 264,000 ETH to its stash-about 2% of the network-while also raising $1.28 billion via shares and warrants to keep on bulking up its Ethereum holdings. The whole thing is like buying the dip, but with a fancy suit on.

September 22nd was like the crypto equivalent of a bad hangover. Market liquidations? A cool $1.65 billion. Most of that? Long positions, getting obliterated. Bitcoin took a hit of $263.4 million, but Ethereum? Oh, poor ETH-$375 million in liquidations, sending it down 7% for the week (three times worse than Bitcoin). And just for fun, the ETH/BTC ratio hit the month’s steepest dip. Cheers to that!

But wait-here comes the cavalry! Tether decided to plop a billion dollars of USDT onto Ethereum, just when it was needed the most. Timing, am I right?

The market’s leverage unwind drained $180 billion across the crypto space, and Ethereum bled $44 billion of that. The liquidity injection could either catch the dip or send the market into another one of those ‘we’ll squeeze them all’ moves. Always a gamble in this game.

But here’s a thing: Whenever Ethereum takes a deeper dive than Bitcoin, it usually bounces back with a vengeance. Will this liquidity boost trigger the same thing? Will Ethereum rise while Bitcoin plays catch-up? Keep your popcorn ready.

BitMine Goes All In on Ethereum While the Market Flails

BitMine wasn’t immune to Ethereum’s mini-meltdown. No one gets a free pass, not even the big boys.

After a two-week streak of steady gains that saw its stock surge 42% to $64, BitMine’s share price pulled back by 10.1% last week. That’s half of ETH’s 5.4% dip. So, yeah, the market’s fun. But BitMine isn’t crying. Not yet.

In a brave and bold move, BitMine filed a new report where it revealed it added another 264,378 ETH to its portfolio. Now, they hold a grand total of 2.416 million ETH-that’s over 2% of the entire Ethereum network. Oh, and they’ve set their sights on 5% supply, so they’re far from done.

The cherry on top? BitMine launched a $365 million share raise at $70 a pop, with warrants that could net them an extra $913 million. That’s a whopping $1.28 billion to continue stacking ETH. Looks like they’re in this for the long haul, folks.

With Ethereum still boasting a solid 60%+ ROI each quarter, the risk-reward situation still leans toward a bullish Q4. So, yeah, the dip might just be a reset for those who can stomach the wild ride. Buckle up!

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2025-09-23 18:29