According to @cas_abbe, BitMine disclosed purchasing 66,000 ETH last week and now holds over 3.6M ETH, roughly 3% of circulating supply (source: @cas_abbe). The author states BitMine still has $800M in cash that could be deployed to buy more ETH in the coming weeks, implying incremental buy-side support (source: @cas_abbe). The author also expects BlackRock staking approval this year and says it would bring additional buying volume to ETH (source: @cas_abbe). Based on these factors, the author projects a 25%-30% ETH move by the end of Q4 while not calling for a new ATH (source: @cas_abbe).