Bitmine just made a quiet but meaningful move.
In the last 12 hours, Bitmine staked 100,000 ETH, worth roughly 291 million dollars, according to ChainCatcher and data tracked by The Data Nerd.
Staking ETH is not a short term trade. When someone locks up this amount, they are choosing patience over quick flips. That ETH is taken out of active circulation, which slowly reduces sell pressure on the market.
Think of it like putting money into a long term savings account instead of keeping it in your wallet. You do not do that if you expect trouble tomorrow.
This does not mean price will instantly go up. Markets move in waves, not straight lines. But moves like this often signal confidence in Ethereum’s future rather than fear.
Sometimes the loudest signal in crypto is not hype, but quiet conviction.