4h ago
Last night, Tom Lee @fundstrat personally poked the bubble of the DATs narrative.
AK's 90M short position started to close out.
@Rewkang, who is believed to have shifted his focus from crypto to robotics (related address), also opened a short position on $ETH late last night, with a position close to 90M.
Interestingly, he started to close his positions just now at 15:26.
The 24H PnL reached 3.1M.
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The net inflow for BTC spot ETFs over the past two months was 7.8B, with a net outflow of 860M in the past week.
For ETH spot ETFs, the net inflow data for September is very low, only 285M, totaling around 1.3B over the two months, with a net outflow of 80M in the past week.
Currently, the hedging sentiment seen in BTC ETFs is stronger.
Since the end of September, @BitMNR has continued to purchase $ETH, increasing their holdings by around 600K $ETH.
At the current price of 3800u, that amounts to 2.2 billion dollars in $ETH, which is quite substantial, and the current purchasing progress has reached half of the total (2.5% of ETH's total supply).
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Go all in or play it safe? 🫣
09/08/2025
$WLD earned today, all reinvested into $ETH! ☑️
Tom Lee @fundstrat @BitMNR has once again proven their calling ability, it's terrifying...
Tom Lee's Bitmine announced tonight its first investment in $OCTO (Eightco Holdings Inc., which is dedicated to acquiring companies with development potential) to transform into the first company to hold $WLD reserves.
$OCTO's stock price has already skyrocketed 30x today 💀🆘
The investment amount is $20 million, and BitMine hopes to continue supporting innovative projects that create value for the Ethereum ecosystem.
-> Will the altcoin season in the Ethereum ecosystem continue?
With this move, Bitmine has quietly reignited the narrative of DATs that everyone thought was dead.
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