Bitmine: New Wallet Buys 20,000 ETH

Bitmine faces scrutiny after a fresh wallet 0xAef…Dc00B scooped 20,000 $ETH worth $48.89 million in just 50 minutes, a move that aligns with the firm's large ETH whale accumulation on-chain analysis patterns tracked in Bitmine Ethereum holdings wallet history. Current holdings stand at 5,847,611 ETH valued near $14.4 billion at an average cost of $3,359, leaving an unrealized loss of $5.27 billion. On the 4h chart, ETH trades at $2,454.87 inside the Bollinger Bands with the upper resistance at $2,515.35 while RSI sits neutral at 57.43; the setup points to a probable retracement toward the EMA50 support at $2,322.91 before any extension higher, even as the MACD registers a death cross. Traders monitoring ETH price prediction models now weigh whether this fresh accumulation accelerates or merely offsets the existing drawdown.