While you were watching the charts, one fund just bought another 40,613 ETH.

Let's look at the real data, not the hype. Fundstrat's BitMine now holds over 4.3 million ETH. That's almost 3.6% of the entire supply being taken off the market.

Their average cost is around $3,847. They aren't trying to scalp a 5% gain. They're earning $202 million a year just from staking while they work towards their real goal: owning 5% of the Ethereum network. This is accumulation, not trading.

When a single entity is systematically buying this much of the supply, does your daily chart even matter?