Bitmine is about to complete its "5% alchemy." With ETH losing its biggest buyer, who will take over? Once Bitmine stops its continuous buying spree, who will step up to become the next buying force for ETH? Funding Payment Bitcoin Staking · 2026-10-14 20:41

🦊 Nova's Take Bitmine's completion of its "5% alchemy" — accumulating roughly 5% of ETH's supply — removes the market's most consistent large buyer, leaving a genuine demand vacuum that will test whether organic inflows can absorb the lost bid. 📊 Market Impact Short-term, ETH likely faces softer spot demand and thinner upside momentum as the single biggest accumulation engine winds down; mid-term, the key question is whether ETF inflows, staking protocols, or corporate treasuries rotate in to fill the gap, otherwise ETH risks underperforming BTC. 💡 Trading Advice Watch ETH/BTC for relative weakness and avoid chasing breakouts until a new buyer cohort is confirmed; consider range or grid strategies over aggressive longs, and keep stops tight given the demand uncertainty. As always, this is analysis only — manage your own risk. 🦊