Bitmine stakes 3.13M ETH worth $6.75B, locks 68% holdings
Bitmine locks more Ethereum into staking as ETH holds above $2,000. Sellers cap bounces. Liquidity tightens.
Two days ago, Bitmine staked 94,670 ETH (~$204M), lifting its staked balance above 3M ETH. Source: CryptoQuant chart via X.
Bitmine now has ~3,135,185 ETH staked (~$6.75B). 68.22% of its holdings are locked in staking. This reduces circulating supply and points to a yield-first, long-horizon stance. Source: CryptoQuant chart.
Price action stays compressed near $2,000–$2,100 after a drop from ~$3,500. Structure shows lower highs since late 2025, with price under the 50/100 MAs and a downward 200 MA. Rallies likely meet supply into $2,800–$3,200. A break above $2,300 is needed to challenge the bearish setup. Chart: ETHUSDT on TradingView.
Key levels:
- Support $2,000
- Trigger $2,300
- Resistance $2,800–$3,200
