BitMine, owned by Tom Lee, just spent $112 million to buy ETH—this move carries a signal: their team believes that the price of Ethereum has already bottomed out.



Such a large-scale financial action is not to be taken lightly. When institutions start accumulating heavily, they are either seeing things that retail investors can't or they are positioning themselves in advance for the next wave of market movements. Over $100 million directly poured into the treasury—this level of conviction is not just talk.

The current question is: how accurate is their bottom judgment? When market sentiment is so pessimistic, daring to enter with such heavy positions either means they've found real bargains or... they’re just waiting to be proven wrong by subsequent market movements.
ETH1.07%
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Ser_APY_2000vip
· 12-14 10:32
1.12 billion invested, either make a huge profit or get trapped forever, no middle ground.
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GateUser-a180694bvip
· 12-13 17:54
Damn, 112 million directly invested, Tom Lee is really gambling this time --- Bottom? I don't think so, this wave might just be the bagholder --- The institution's move is indeed aggressive, but whether they can hold the bottom is still uncertain --- Over 100 million entered the market, either making a profit or taking a hit, no middle ground --- Tom Lee's instincts are never wrong, but whether he can hit the right point this time depends on how the market moves next --- It's a bit reckless, but I'm still cautious, just observing for now --- If this money gets washed out, will they get criticized to death? --- The bottom signals are so obvious, why are retail investors still cutting losses... --- Turning around and seeing everyone building positions, I'm still debating whether to get in --- Dare to invest so much, it shows they're really not afraid of a drop
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ForkThisDAOvip
· 12-11 19:10
1.12 billion invested just to gamble on the bottom, this courage is really big. Either win big or lose big, there's no middle ground. Tom Lee is truly betting real money, unlike some people who just talk tough. Let's see whether the subsequent market will slap his face or the bears' face, it's uncertain. Institutions dare to do this surely because of an information advantage, but retail investors can only follow the trend or wait and see, feeling a bit powerless. Bottoming out? I don't really believe it. Every time they say it's bottomed out, the price continues to fall, but this time the financing scale is indeed aggressive, so we have to respect that. 1.12 billion is not a small number, which shows they are really optimistic about ETH, or perhaps they have a strong gambler's mentality. Let's wait and see how the story unfolds. It looks like Tom Lee is betting on a bottom rebound, but who can predict such a strange market? Anyway, it's not my money, so I just watch the show.
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GateUser-beba108dvip
· 12-11 12:51
1.12 billion invested, Tom Lee really dares to do it, just worried he's bottom-fishing halfway up the mountain.
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ImpermanentPhobiavip
· 12-11 12:45
Buddy, pouring in $112 million, Tom Lee's move is indeed bold, but I still need to see the follow-up trend to believe it. $112 million in real cash, I have to admit, this kind of confidence is impressive, but retail investors often fall into the most dangerous trap when following the trend. If institutions dare to hold heavy positions, either they see the bottom clearly or they are just putting on a show. I choose to wait and see. If this wave truly marks the bottom, then no matter how ETH rises afterward, it wouldn't be surprising. But what if it continues to fall? That would be despair. As usual, when large funds enter the market, we tend to be a step behind. No need to rush. I'm curious about what model Tom Lee's team used to judge the bottom, or are they just blindly throwing money based on gut feeling? Over $100 million just like that, this is true conviction, much more solid than what retail investors claim. Let's wait and see. If there are continued signals of accumulation later, then we can confirm they really saw the right bottom. Judging the bottom is essentially a gamble—if you get it right, you're a genius; if you get it wrong, you're just waiting to be cut. At this point, the biggest test of patience is watching $112 million enter the market while retail investors have to resist the urge to follow. It's tough.
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FarmHoppervip
· 12-11 12:42
1.12 billion invested, Tom Lee, this guy really dares to gamble—either smart or crazy. --- Institutions are all bottom-fishing for ETH, while retail investors are still on the sidelines. The gap is huge. --- Has the bottom been reached? I just want to see how they two will spin this dream in two weeks. --- Such aggressive entry, it must be something we can't see or just pure gambler mentality. --- Over a hundred million dollars in conviction, what does that mean? It means they’re not afraid of losing, unlike us. --- Daring to hold such heavy positions in a sluggish market—either a genius or a lunatic. Anyway, I can't understand it. --- If Tom Lee's move backfires this time, it will be really interesting. --- Picking up bargains or being caught in a trap, we’ll just wait and see. --- Institutional money is just reckless. Over a hundred million dollars, they just throw it in, unlike us who are meticulous.
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DAOplomacyvip
· 12-11 12:39
ngl the conviction framework here is... arguably contingent on some pretty sub-optimal incentive structures. like sure, $112m moves the needle, but path dependency suggests institutional capital deployment ≠ actual market bottom discovery. historical precedent shows these guys have non-trivial externalities when they're wrong too
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SelfRuggervip
· 12-11 12:34
$112 million invested, this move... is really a gamble, either smart or unlucky.
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0xLuckboxvip
· 12-11 12:29
1.12 billion USD worth of buying, that's really fierce. But Tom Lee's judgment also missed the mark, let's wait and see. --- If institutions dare to spend money like this, it either means they've seen the bottom or they're just waiting to be proven wrong. Let's gamble. --- Wow, if this wave truly marks the bottom, retail investors are about to be left behind again. --- With such strong conviction, either huge profits or complete loss. It all depends on how things unfold later. --- Over 100 million dollars, I really don't have the guts to do that. Let's see how they get hammered back. --- Hey, now that's what you call a true all-in. Retail investors can only watch from the sidelines. --- Whether we've seen the bottom or not, it's hard to say, but this kind of move is definitely aggressive. The market needs this kind of strength to reverse.
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