Looks like Tom Lee's (@fundstrat) BitMine Just Bought Another 10,000 $ETH (~$19.49M) from Kraken about 6 hours ago.
As Per Last Press Release, Bitmine Holds 4,371,497 ETH (~$8.61B) Total Cost Basis: ~$16.70B Average Cost: ~$3,821 Unrealized Loss: ~$8.20B (-49%) #ETH Supply Owned: 3.62%
Looking at RSI, it's clear that bottom hasn't been set yet, but it's much closer than it seems...
Immediate GROWTH won’t happen; market must go through these stages:
- Reaching bottom = next month or two - Accumulation = 60 - 120 days ( accompanied by LARGE volumes ) - Start of growth - new ATH = will take 6-9 months
Market looks unfavorable right now, but this is exactly BEST CHANCE to buy $BTC cheap...