According to @ai_9684xtpa, citing Arkham on-chain data at intel.arkm.com/explorer/address/0x85e05C10dB73499fbDeCAb0dfbB794a446feEeC8, Trend Research deposited 20,000,000 USDT to an exchange this afternoon and 15 minutes ago withdrew 9,939 ETH from Binance worth $30.85M; source: @ai_9684xtpa; Arkham. Cumulative holdings now stand at 636,717.65 ETH with an average acquisition cost of about $3,105.46 and an unrealized profit of approximately $0.636M; source: @ai_9684xtpa; Arkham. Several minutes earlier, the address borrowed 10,000,000 USDT from Aave and sent it to Binance, at which time it held 626,778.65 ETH valued at $1.94B with an average cost near $3,105.5 and an unrealized profit of about $53.52M; source: @ai_9684xtpa; Arkham. These sequential on-chain flows indicate active ETH accumulation by a large wallet, with stablecoin funding and Binance outflows visible on-chain; source: @ai_9684xtpa; Arkham.

According to @ai_9684xtpa, an ETH whale withdrew 1,299.6 ETH from OKX at $3,129.64 about five minutes prior, lifting cumulative buys since 2025.12.05 to 51,451.6 ETH valued at $161 million with an average cost near $3,117.3, source: @ai_9684xtpa. The position is currently at an unrealized loss of $0.94 million, with unrealized gains having retraced by more than $9 million from last week’s local high, source: @ai_9684xtpa. The same wallet previously withdrew 2,836 ETH (~$9.15 million), deposited into Aave, borrowed 6.2 million USDT, and sent funds to OKX to continue a leveraged long loop, indicating amplified ETH exposure, source: @ai_9684xtpa and ARKM intel links intel.arkm.com/explorer/address/0xc35BC7E918bb4C0159296d9749Dc59dE605B4b93 and intel.arkm.com/explorer/entity/0505a04a-b5bf-4313-b41a-9916e27745ab. Key trading reference levels are the whale’s average cost near $3,117 and the withdrawal price $3,129.64; monitoring OKX flows and Aave borrow size can track leverage changes, source: @ai_9684xtpa.

According to @StockMKTNewz, Tom Lee and Bitmine BMNR increased their Ethereum holdings by 24,266 ETH week over week to 4,167,768 ETH as of January 11, 2026; the update also lists 193 BTC, $988 million in unencumbered cash, and a $23 million stake in Eightco (source: @StockMKTNewz citing @TomLeeTracker, Jan 12, 2026). The 24,266 ETH weekly change is a 0.59% increase from 4,143,502 ETH on January 4 (source: @StockMKTNewz data series, Jan 12, 2026). Across the last four weekly updates from December 14 to January 11, net accumulation totaled 200,558 ETH, averaging 50,140 ETH per week (source: @StockMKTNewz compiled updates, Jan 12, 2026). Since November 2, total growth is 772,346 ETH over 10 updates, averaging 77,235 ETH per week (source: @StockMKTNewz compiled updates, Jan 12, 2026). From the first listed update on July 14 (163,142 ETH) to January 11 (4,167,768 ETH), cumulative growth is 4,004,626 ETH with no weekly decreases in the provided sequence (source: @StockMKTNewz historical series, Jan 12, 2026).

According to Onchain Lens, Bitmine (BMNR) bought 24,266 ETH worth about $75.37 million last week and now holds 4,167,768 ETH valued at $12.9 billion. Source: Onchain Lens on X (Jan 12, 2026). Bitmine Immersion Technologies stated in a press release that its ETH holdings reached approximately 4.168 million tokens and that its combined crypto and cash holdings total $14.0 billion. Source: Bitmine Immersion Technologies press release via PR Newswire. The implied average executed price for the weekly buy is roughly $3,107 per ETH, calculated from the reported transaction value and size. Source: Onchain Lens on X.

According to @OnchainLens, Bitmine (BMNR) acquired 44,463 ETH (about $130M) last week, increasing its Ethereum holdings to 4,110,525 ETH valued at $12.04B. PR Newswire reports in the company announcement that Bitmine’s ETH stack reached approximately 4.11 million tokens and that its combined crypto and cash reserves total $13.2B. For traders, these verified inflows and treasury levels clarify large-holder positioning in ETH markets, as reported by PR Newswire and @OnchainLens.

According to @EmberCN, Ethereum’s largest treasury company Bitmine (BMNR) received 48,049 ETH, valued at roughly 140 million USD, from FalconX about four hours ago (source: @EmberCN). According to @EmberCN, this move is characterized as continued ETH accumulation by BMNR, highlighting sustained treasury demand for Ethereum (source: @EmberCN). Based on @EmberCN’s reported 48,049 ETH transfer, traders may monitor ETH spot order books, exchange inflows, and derivatives funding rates for near-term reactions to this large-sized flow (source: @EmberCN). According to @EmberCN, tracking any follow-up movements from BMNR-linked addresses and FalconX-related transfers can help gauge whether additional liquidity shifts emerge around ETH (source: @EmberCN).

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).

According to @OnchainLens, a single wallet (0x1fc75ad0511ddc3a23b9583ba1c285b8292faed5) spent $31.16M USDT to buy 10,275 ETH at an average $3,032 in the last 24 hours, based on Nansen on-chain data (source: @OnchainLens; Nansen). According to @OnchainLens, since November 12 the same wallet has accumulated 13,612 ETH for $41.89M USDT at an average $3,077, defining a tracked cost basis near $3,077 for this address (source: @OnchainLens; Nansen). According to @OnchainLens, the implied earlier tranche is 3,337 ETH for about $10.73M USDT (roughly $3,216 average) derived from the reported totals, giving traders a reference entry range between $3,032 and $3,216 for this wallet (source: calculation from @OnchainLens report using Nansen data).