BitMine’s ETH Spree: Will Ethereum Finally Hit $10k or Just My Therapist’s Bill?

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If you thought your morning coffee was expensive, wait until you hear about Ethereum’s latest dip sale. BitMine, the crypto equivalent of a kid who buys the last candy bar at the gas station, just splurged $300 million on Ether since last week. Because nothing says “I trust the market” like buying crypto during a correction-classic move, Karen. 🚀☕

BitMine Leads in High Demand for Ethereum

Thanks to this shopping spree, BitMine now hoards $12.4 billion worth of ETH. For context, that’s enough to buy every avocado toast in Brooklyn for 37 years. Meanwhile, institutional investors are out here playing “hot potato” with altcoins, because nothing says “long-term strategy” like treating crypto like a Russian roulette wheel. 🎲💸

According to CoinShares (yes, the oracle of all things crypto), Ethereum’s investment products raked in $57.6 million this week. And let’s not forget the 15 entities holding 4.75 million ETH like it’s the last bag of chips at a party. BitMine and SharpLink? They’re just the cool kids with the snacks. 🥔

Is ETH Price Ready for the Euphoric Phase of the 2025 Bull Market?

Technically speaking, Ether is currently in the “early bull market phase”-code for “we’re not sure if this is a bottom or a cliff.” With a fully diluted valuation of $434 billion, ETH is basically doing interpretive dance around the $3.6k resistance level. If you blink, you’ll miss it. 👀

As long as ETH stays above $3k, we might see a reversal toward all-time highs. Or, you know, it could crash into the sun. But hey, the market loves a good crowd-pleaser-just ask the guy who bought Bitcoin at $65k. Speaking of, the OG whale from Hyperunit recently longed $37 million BTC and $18 million ETH. That’s either genius or they’re just really good at Monopoly. 🐋🃏

THE $10B HYPERUNIT WHALE JUST LONGED $BTC AND $ETH

This address is owned by the Hyperunit whale, who:
– Bought $850M of BTC during the 2018 bear market, and held until it was worth $10B+
– Rotated $5B of BTC into ETH from August-October this year
– Made $200M by successfully…

– Arkham (@arkham) November 3, 2025

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2025-11-04 00:40