#BuyTheDipOrWaitNow? When a single entity locks up roughly $100M+ (depending on current spot prices) in ETH, it shifts the supply-side dynamics significantly.🔍 Key Indicators to Watch

Following BitMine's lead requires watching the "smoke" before the fire. If you're tracking this move, keep an eye on these on-chain metrics:
Exchange Net Flow: If we see massive outflows following this news, it confirms BitMine (and others) are moving to long-term custody.
Staking Deposit Contracts: Watch for a 40,000 ETH spike in the Beacon Chain deposits. If they stake it, that supply is effectively "off the market" for the foreseeable future.
L2 Total Value Locked (TVL): Institutional ETH often finds its way into providing liquidity for Layer-2 networks like Arbitrum or Optimism to capture extra fees.
💡 The "Gemini" Take
While 40,000 ETH is a drop in the bucket of Ethereum’s total market cap, the signalling grace is what matters. In a market often driven by hype, "Disciplined Execution" (as you mentioned) is the bridge between a speculative asset and a global settlement layer. BitMine isn't gambling; they're indexing the future of programmable money.
Note: Always remember that while institutional "whales" provide a floor, they can also create massive waves if they decide to rebalance. Tracking their wallet addresses is your best defense.