BitMine: Accumulates 5,000 ETH from Kraken
Onchain Lens reports BitMine accumulated 5,000 ETH worth roughly $11.37 million from Kraken, lifting its stake to 4.9 percent of total ETH supply with a question on reaching 5 percent by end of 2026.
SourceAnalysis
BitMine bought 5,000 ETH worth $11.37 million from Kraken, pushing its holdings to 4.9 percent of total supply according to Onchain Lens.
ETH trades at $2257.86 inside the Bollinger band on the 4h chart with upper resistance at $2297.98 and lower support at $2227.36. The structure remains bearish as price sits below both EMA50 at $2298.89 and EMA200 at $2431.09, yet MACD shows a bullish golden cross at -6.94 while RSI at 43.88 stays neutral. Price testing upper Bollinger resistance near $2297.98 with neutral momentum suggests a healthy retracement toward the 50-EMA support at $2298.89 before any sustained move higher.
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