BULLISH 📈 : Bitmine stakes $142M more ETH, shrinking liquid supply
Bitmine staked another 61,232 ETH, about $142M, while ETH chops under $2,400. Supply keeps leaving the market. Price hasn’t moved. Structure has.
Arkham shows the new 61,232 ETH deposit and a steady cadence of large stakes in recent weeks. Arkham Intelligence: Bitmine entity.
Bitmine’s staked position is now 3,395,869 ETH, or $7.88B. 68.24% of its ETH is staked, not liquid. Arkham Intelligence: Bitmine entity.
That’s roughly 2.8% of ETH’s circulating supply locked behind exit delays. This removes immediately sellable supply and is structural, not a short-term trade. Arkham Intelligence: Bitmine entity.
Market backdrop stays balanced. ETH holds the $2,300–$2,400 area after reclaiming the 200-week MA, but higher-timeframe resistance at $2,800–$3,200 still caps upside. The weekly trend shows lower highs since the late-2025 peak near $4,800. ETH chart image (TradingView source).
Key levels
- Hold above $2,300 to press $2,800 next. Chart reference
- Lose it, and $2,000–$2,100 is in play. Chart reference
Some compare this to Bitcoin-style treasury accumulation, but staking goes further: it ties the holder to network infrastructure, not just price. Bitcoin