BitMine Immersion has reportedly accumulated a staggering 319,000 ETH in just a single week. The massive purchase, worth over a billion dollars, underscores growing conviction in Ethereum\u2019s long-term value among institutions and big players, tightening market liquidity.<\/p>\n
In a move that highlights the growing institutional confidence in Ethereum, Paul Barron has mentioned<\/a> on X that BitMine Immersion has just absorbed 319,000 ETH in a single week, which is equivalent to 0.26% of Ethereum\u2019s total supply<\/a> removed from circulation.<\/p>\n Barron extrapolates this acquisition velocity, calculating that at the same rate, BitMine<\/a> could demand an additional 4.1 million ETH in the 13 weeks remaining in 2025. This demand would be hitting a market where the current liquid supply on exchanges is only around 11 million ETH.\u00a0<\/p>\n He concludes that if just three to four more institutions adopt the Bitmine playbook, the combined demand would cause the market to face a supply crisis that is more severe than in 2021. However, a removal of 319,000 ETH and a staking lockup from the liquid market<\/a> suggests that deflationary pressure is accelerating.\u00a0<\/p>\n According to Barron, smart money is positioning now. He predicts that while retail investors will only begin to chase ETH at levels above $8,000, Ethereum could reach $15,000 by December, which is \u201cmathematical inevitability\u201d if this institutional FOMO continues to spread.<\/p>\n While a prominent figure is accumulating ETH every week, Ethereum is on the verge of a supply shock, despite appearing bearish on-chain two weeks ago. However, at the end of August, Bull Theory revealed<\/a> that the on-chain data showed a spike in the validator exit queue to nearly 1 million ETH<\/a>, the highest in months.<\/p>\n The development may signal fear and potential selling pressure, but the narrative has now flipped. Presently, the validator entry queue has climbed back to 787,085 ETH in a 14-day wait to stake, indicating a strong return of confidence and growing demand<\/a> to stake. Meanwhile, the validator exit queue has dropped sharply to 616,898 ETH in a 10-day wait, a clear sign that its previous peak is fading fast to nearly 1 million ETH. This shift shows that fewer validators are leaving the network<\/a>, and the pressure from unstaking is diminishing fast.<\/p>\nETH Supply Locked In Staking Reaches Record Levels<\/h2>\n