#以太坊投资机会 BitMine added 102,259 ETH in the past week, with current holdings approaching nearly 4% of the total Ethereum supply. What’s noteworthy behind this data is the consistency in the holding direction — continuously increasing during market fluctuations rather than reducing positions.

From on-chain signals, large holders’ accumulation behavior usually reflects their medium-term outlook. Tom Lee mentioned that staking these ETH now could generate a net income of $1 million per day, which not only indicates the scale of assets but also reveals that institutions are beginning to shift from holding to yield-oriented strategies.

Key points to note:

1. Time window — The accumulation pace in mid-December, combined with the US policy and environmental expectations for 2025, suggests that institutions are preparing for a potential policy window.

2. Holding commitment — Statements like "never sell" are rare in the crypto market, indicating this is not short-term arbitrage but strategic asset allocation.

3. Magnitude — The 4% supply share has a significant impact on the Ethereum ecosystem, and the actions of large holders often become key variables affecting market liquidity.

From the perspective of capital flow, the continuous net buying by institutions overlaps with market stability signals. Such a combination of signals is more common at the bottom of a bear market. For specific operations, it’s necessary to consider on-chain contract changes and exchange fund flow monitoring, but the pace of accumulation is indeed worth tracking.