Bitmine: Stakes Additional 160,480 ETH

Bitmine just staked another 160,480 ETH worth $248.7 million, lifting its total staked position to 4.88 million ETH ($7.56 billion) or 86 percent of holdings.

Price action on the 4-hour chart shows ETH at $1547.68 beneath both the EMA50 at $1669.6 and EMA200 at $1826.48, locking in the bearish trend while the MACD death cross at -39.64 keeps downside momentum intact; RSI at 31.02 remains neutral inside the Bollinger bands, so any test of upper resistance at $1733.16 would likely meet selling before a retest of lower support at $1528.67. Institutional staking flows of this scale continue to shape ETH price prediction models and broader crypto market crash scenarios by locking supply and tightening available float.