Bitmine Immersion reportedly accumulated an astounding 319,000 ETH in just a week. The massive purchases, over $1 billion, highlight the growing convictions for Ethereum’s long-term value, highlighting the long-term value among agencies and major players, and tightening market liquidity.
Could this cause an Ethereum supply crunch?
Paul Baron has in a move to emphasize growing institutional trust in Ethereum. It was mentioned On X, Bitmine Immersion just absorbed 319,000 ETH in a week, which is equivalent to 0.26% of Ethereum’s total supply Removed from circulation.
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Baron extrapolates this acquisition speed and calculates it at the same speed, Bitmine It could potentially demand an additional 4.1 million ETH in 13 weeks in 2025. This demand will hit a market where the current liquid supply is around 11 million ETH.
He concludes that if three or four more agencies adopt Bitmine Playbooks, combining demand will result in the market facing a more severe supply crisis than in 2021. market This suggests that deflationary pressure is accelerating.
According to Barron, Smart Money is currently positioned. He predicts retail investors will start chasing ETH at levels above $8,000, but Ethereum could reach $15,000 by December.
Staking-fixed ETH supply reaches record levels
While prominent figures accumulate ETH every week, Ethereum is in the midst of a supply shock despite the bearish on-chain that appeared two weeks ago. However, at the end of August, Bull Theory It was revealed On-chain data showed validator exit queue spikes almost nearby 1 million ETHthe best in a few months.
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Development could show fear and potential sales pressure, but the story is now inverted. Currently, the Balidator entry queue returns to 787,085 ETH in a 14-day wait, showing strong returns of confidence and growth request bet. Meanwhile, the Validator Exit queue fell sharply to 616,898 ETH after 10 days of waiting. This makes it clear that the previous peak has declined to 1 million ETH at high speed. This shift indicates that fewer variators are leaving networkand the pressure from staking is rapidly decreasing.
Ethereum has over 1.05 million active variators, with 35.6 million ETH piled, equivalent to 29.4% of the total supply and a stable APR of 2.89%. According to Bull Theory, this is exactly the way it is supplied. squeeze Unfolding: It starts slowly, then starts at once at a time as the liquidity becomes more severe and more ETH is trapped.
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