ChainCatcher report, according to Lookonchain monitoring, BitMine is suspected of purchasing another 60,000 ETH. Two newly associated wallets, potentially linked to BitMine, received a total of 60,000 ETH from Kraken and BitGo (valued at $125.9 million).
BitMine suspected of purchasing 60,000 ETH worth $125.9M
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Summary
BitMine may have executed a large buy with a favorable risk-to-reward ratio, as data shows two wallets associated with the firm received 60,000 ETH from Kraken and BitGo, valued at $125.9 million. This move could indicate a strategic position ahead of key support and resistance levels. Lookonchain tracked the inflow, citing ChainCatcher as the source.
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