{"id":105835,"date":"2025-10-18T17:02:20","date_gmt":"2025-10-18T17:02:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=105835"},"modified":"2025-10-18T17:02:20","modified_gmt":"2025-10-18T17:02:20","slug":"tom-lee-bought-281-million-in-ethereum-crypto-does-he-know-something-we-dont-will-eth-hit-a-new-high","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=105835","title":{"rendered":"Tom Lee Bought $281 Million in Ethereum Crypto: Does He Know Something We Don\u2019t? Will ETH Hit A New High?"},"content":{"rendered":"

Tom Lee and his Ethereum bet is back in the headlines this time on reports of a fresh $281 million buy that has crypto traders asking what he sees next for ETH.<\/span><\/p>\n

Tom Lee\u2019s BitMine Immersion <\/span>reportedly<\/span><\/a> bought 72,898 ether, worth about $281 million, within the last 24 hours.\u00a0<\/span><\/p>\n

BREAKING: Tom Lee’s Bitmine Immersion just bought $281 million worth of Ethereum. pic.twitter.com\/sdzhLhj9N5<\/a><\/p>\n

\u2014 Ash Crypto (@Ashcryptoreal) October 18, 2025<\/a><\/p>\n\n

BitMine\u2019s Ethereum holdings have risen to 3.03 million ETH, about 2.5% of the total circulating supply, after adding roughly 202,000 tokens since Oct. 6.\u00a0<\/span><\/p>\n\n

BitMine provided its latest holdings update for Oct 13, 2025: <\/p>\n

$12.9 billion in total crypto + “moonshots”:<\/p>\n

\u2013 3,032,188 ETH at $4,154 per ETH (Bloomberg)
\u2013 192 Bitcoin (BTC)
\u2013 $135 million stake in Eightco Holdings (NASDAQ: ORBS) (\u201cmoonshots\u201d) and
\u2013 unencumbered\u2026<\/p>\n

\u2014 Bitmine (NYSE-BMNR) $ETH (@BitMNR) October 13, 2025<\/a><\/p>\n\n

Analysts noted there are no visible transaction hashes, wallet addresses, or regulatory filings to verify the purchase. BitMine has not commented publicly on the claim.<\/span><\/p>\n

According to <\/span>Coingecko data,<\/span><\/a> Ether traded around $3,830 to $3,870 on Friday, posting slight daily gains of +0.8% yet still below its early-October highs.\u00a0<\/span><\/p>\n\n

(<\/span>Source: <\/span>Coingecko<\/a><\/strong>)<\/span><\/p>\n

The token remains under pressure after last week\u2019s sharp correction, when the Oct. 10\u201311 liquidation wave, the largest in crypto\u2019s history, briefly pushed prices into the mid-$3,400s.<\/span><\/p>\n

Market observers say investors such as Lee appear to be accumulating during weakness, wagering that Ethereum\u2019s long-term fundamentals will outweigh short-term swings.<\/span><\/p>\n

DISCOVER:\u00a016+ New and Upcoming Binance Listings in 2025<\/a><\/strong><\/p>\n

What Does the $4,400\u2013$4,800 Liquidity Zone Mean for Ethereum\u2019s Next Move?<\/h2>\n

Crypto analyst Ted <\/span>says<\/span><\/a> Ethereum\u2019s next move depends on how it reacts to a large liquidity cluster between $4,400 and $4,800.\u00a0<\/span><\/p>\n

There is a massive liquidity cluster for $ETH<\/a> around the $4,400-$4,800 level.<\/p>\n

If the US-China trade deal happens, Ethereum could tap this liquidity reason.<\/p>\n

Otherwise, it’ll drop towards the $3,200-$3,400 level before reversal. pic.twitter.com\/z2RiHuGM8s<\/a><\/p>\n

\u2014 Ted (@TedPillows) October 18, 2025<\/a><\/p>\n\n

The chart shows heavy sell orders stacked in that range, a sign that many traders are preparing to exit or short near those levels.<\/span><\/p>\n\n

(<\/span>Source<\/span>: X<\/strong><\/span><\/a>)<\/span><\/p>\n

Ethereum\u2019s rebound from below $3,600 lost strength around the mid-$4,000 zone. The chart shows a possible double top forming near $4,600, followed by a pullback.\u00a0<\/span><\/p>\n

On the downside, new liquidity has started to build around $3,200-$3,400, pointing to strong buying interest if prices fall again.<\/span><\/p>\n

Ted said that if a US-China trade deal goes through, Ethereum could reach the upper band near $4,800 as shorts start closing.\u00a0<\/span><\/p>\n

But if market sentiment weakens, ETH may slip back toward lower support before finding a base.<\/span><\/p>\n

Right now, Ethereum sits between two major liquidity zones, one above, one belo,w and whichever breaks first could set the tone for the next big move.<\/span><\/p>\n

DISCOVER:\u00a015+ Upcoming Coinbase Listings to Watch in 2025<\/a><\/strong><\/p>\n

Ethereum Price Prediction: Is ETH\u2019s Current Correction Setting Up a Double Bottom Around $3,300?<\/h2>\n

Crypto analyst Crypto Tony <\/span>shared<\/span><\/a> a cautious but hopeful view on Ethereum (ETH) in his latest market update on X.\u00a0<\/span><\/p>\n

$ETH<\/a> \/ $USD<\/a> \u2013 Update <\/p>\n

This is what i am looking for on Ethereum as best case scenario. Another test of the lows and double bottom. From the highs we are seeing a corrective move instead<\/p>\n

The macro outlook tells me we are in the middle of a corrective macro move. pic.twitter.com\/dVqYIL9kNs<\/a><\/p>\n

\u2014 Crypto Tony (@CryptoTony__) October 18, 2025<\/a><\/p>\n\n

His chart shows that ETH is likely in a corrective phase, not a full trend reversal.<\/span><\/p>\n

According to his Elliott Wave analysis, Ethereum is moving within a W\u2013X\u2013Y corrective structure, often seen before a recovery phase.\u00a0<\/span><\/p>\n\n

(<\/span>Source<\/span>: X<\/strong><\/span><\/a>)<\/span><\/p>\n

The coin is currently trading near $3,870, and Tony expects another test of the $3,300\u2013$3,400 range, a zone that could mark the formation of a double bottom, a classic signal of seller exhaustion and potential reversal.<\/span><\/p>\n

He noted that this projected wave (b) low fits within the ongoing correction, hinting at one final dip before a rebound.\u00a0<\/span><\/p>\n

His chart outlines a potential move toward $5,000 by late Q4 2025 or early 2026 once Ethereum builds a base at lower levels.<\/span><\/p>\n

The analyst added that the broader structure remains \u201ccorrective but stable,\u201d suggesting that the recent weakness may be part of a larger bullish cycle still intact.\u00a0<\/span><\/p>\n

If buyers return around support, he believes ETH could soon shift back into recovery mode.<\/span><\/p>\n

DISCOVER:\u00a09+ Best Memecoin to Buy in 2025<\/a><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/p>\n

The post Tom Lee Bought $281 Million in Ethereum Crypto: Does He Know Something We Don\u2019t? Will ETH Hit A New High?<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Tom Lee and his Ethereum bet is back in the headlines this time on reports of a fresh $281 million buy that has crypto traders asking what he sees next for ETH. Tom Lee\u2019s BitMine Immersion reportedly bought 72,898 ether, worth about $281 million, within the last 24 hours.\u00a0 BREAKING: Tom Lee’s Bitmine Immersion just […]<\/p>\n","protected":false},"author":0,"featured_media":105836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-105835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105835"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105835"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/105836"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}