Most people are still focused only on ETF flows, but the more important story around #Ethereum right now may be the quiet institutional accumulation happening in the background. ⚡ bitmine announced that it purchased 71,672 ETH last week. The company’s total Ethereum holdings have now reached 5.28 million $ETH , representing approximately 4.37% of the circulating supply. 📊 Accumulation at this scale may signal that a growing portion of liquid ETH supply is steadily moving into the hands of large players. With staking, ETF adoption, and institutional demand all expanding simultaneously, Ethereum’s supply dynamics are becoming increasingly important. The market may focus on short-term price action, but large institutional positioning often tells the bigger long-term story. ‼️ Not financial advice. #Ethereum #ETH #CryptoNews #CryptoMarkets