Whales Split as BitMine Buys Big

[chainsniff]

US Crypto Morning Briefing:
Ethereum’s largest players are officially divided. As ETH holds around $3,100, whales are tearing into two camps: panic sellers and aggressive dip buyers.

Tom Lee’s BitMine just made the loudest move — accumulating 9,176 ETH ($29.1M) via Galaxy Digital’s OTC desk, bringing its November total to 19,500 ETH.
Despite the downturn, institutions are quietly loading up while retail hesitates.

Meanwhile:

A long-term whale sold 2,404 ETH at breakeven after holding since 2021.

A super-whale added 16,937 ETH, pushing their total to 422,175 ETH, even while sitting on major unrealized losses.

Whales are officially at war — and December’s Fusaka upgrade is the next big trigger.

[Nahid Hossen]

Interesting divergence — whale behavior isn’t aligned for once.

[Rimon Khan]

BitMine buying this aggressively might set the tone for the next move.