BitMine Adds ~$200 Million in Ether as Price Tests $3,000 Support

Overview

• Blockchain traces show roughly 64,622 ETH acquired over 24–48 hours for about $199–$200 million, with flows linked to BitGo and FalconX and a final 22,676 ETH tranche recorded on December 6.
• The company disclosed 3.73 million ETH at the end of November, valued around $11 billion, reinforcing its status as the largest visible institutional Ether holder.
• Ethereum trades near $3,000 after a one‑day drop of about 4% and a roughly 10% monthly decline, with on‑chain data showing mid‑sized wallets selling and larger whales largely inactive.
• Technicians flag $3,000, $2,800 and especially $2,600 as pivotal levels, and one widely followed trader warns that losing $2,600 could increase the risk of a slide toward $1,500.
• Sentiment skews fearful with the Crypto Fear & Greed Index at 21, alongside about $2.7 billion in spot Bitcoin ETF outflows since November and roughly $1.42 billion from Ethereum ETFs in November.