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ChainCatcher reported that BitMine currently holds over 1.7 million ETH. To reach its reserve target of 5% of the Ethereum supply, it would need to purchase an additional 4.3 million ETH. At the current price ($4,534), this transaction would cost approximately $19.5 billions. If the ETH price approaches $4,200, the cost would drop to about $18.2 billions. The estimated daily trading volume of ETH is between $30 billions and $50 billions. Analysis points out that, compared to Michael Saylor, who often made large purchases of $500 million to $1 billion and could instantly push the bitcoin price up by more than 2% each time, Tom Lee is obviously more sophisticated. However, this also means that after ETH's low at 4060, there is a high probability that there will be an "invisible floor" in the $4,200 to $4,400 range.

According to ChainCatcher, monitored by Lookonchain, whale 0xa523 continues to increase its 15x long position in ETH. The current total position has reached 86,845 ETH ($397.7 million), with a liquidation price of $4,342.8.