Key Notes

Ethereum rebounded 8% to $4,150 after Friday’s liquidation-driven crash, as Bitmine-linked wallets accumulated $480M in ETH.

On-chain data shows 128,718 ETH withdrawn from FalconX and Kraken by wallets linked to Bitmine (BMNR).

Institutional accumulation during volatility signals renewed confidence, potentially accelerating Ethereum’s recovery toward $4,200.

Ethereum price rebounded 8%, trading as high as $4,150 on Sunday, October 12, after plunging to $3,652 within the previous 24 hours. The broader crypto market cap also rose 4%, as traders found strategic re-entry points following record-breaking liquidations on Friday. Wallets linked to Ethereum treasury investor Bitmine (BMNR) capitalized on the market dip to accumulate ETH at discounted prices.

Bitmine Buys the Dip as

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