Tom Lee’s BitMine Acts Fast as Ethereum Whale Pattern Breaks | US Crypto News

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Grab a coffee because of how whales are splitting. Institutions are quietly loading up, and Tom Lee’s BitMine is moving faster than anyone as a major on-chain pattern breaks. With Ethereum (ETH) stuck in the $3,100 range, and volatility spiking across the market, a new battle line is forming between panic sellers and high-conviction buyers.

Crypto News of the Day: BitMine Buys 9,176 ETH From Galaxy Digital OTC

Ethereum’s biggest players are suddenly split, and Tom Lee’s BitMine is moving faster than anyone. As ETH hovers near $3,100 with mixed technical signals, whales are either panic-selling at breakeven or doubling down with record-size buys. BitMine has firmly chosen its side.

Ethereum (ETH) Price Performance. Source: BeInCrypto

Despite a sharp market downturn, BitMine continues to accumulate at scale. On-chain data from Lookonchain shows a new BitMine-linked wallet, 0x9973, receiving 9,176 ETH, valued at $29.14 million, directly from a Galaxy Digital OTC wallet.

“Despite the market downturn, Tom Lee’s Bitmine is still buying $ETH,” Lookonchain reported, highlighting Lee’s aggressive strategy.

This follows earlier activity confirming a total accumulation of 19,500 ETH in BitMine, positioning the firm among the most active institutional buyers in November.