Drift Protocol on-chain data shows more than $200 million in abnormal outflows

BitMine buys more ETH from the Ethereum Foundation, accelerating cost averaging while holding 5.07 million ETH

BitMine has recently accelerated its ETH purchases, holding 5,078,386 ETH, representing 3.98% of the total supply. Its assets are approximately $13.3 billion, with an average cost of $3,794. The foundation sold about $33.51 million worth of ETH to BitMine, and it currently holds about $214.8 million. Chairman Tom Lee says the crypto winter is near its end, and it will use the strategy of averaging down its cost while maintaining a long-term bullish view of ETH as collateral value.

BitMine: ETH holdings increased to 5.08 million coins, with unrealized losses exceeding $6.5 billion

Ethereum vault company BitMine Immersion Technologies announced on April 27 that it added a total of 101,901 ETH last week, bringing its total ETH holdings to approximately 5.08 million. According to Dropstab data, BitMine’s ETH investment is about $17.6 billion, and as of the time of the announcement, it has an unrealized loss of more than $6.5 billion.

Bitcoin Rises to $80K Amid Declining Trading Volume and Negative Funding Rates

Gate News message, April 28 — Bitcoin's rise toward $80,000 is accompanied by a significant drop in trading volume and deeply negative funding rates, raising questions about the sustainability of the rally, according to Markus Thielen, research head at 10x Research. Bitcoin's weekly trading volume

Bitcoin’s attempt to break the $80k mark fell short, and MicroStrategy has launched a new stock issuance to kick off a Bitcoin flywheel

Due to the Iran–U.S. standoff, the market is focused on tech companies’ earnings reports and the Federal Reserve’s decision. Bitcoin has not broken through 80,000 again, and the Fear & Greed Index has steadied. Last week, MicroStrategy bought another 3,273 BTC, bringing its holdings to 818,334 BTC. The stock price is up about 30% over the past month, mNAV has risen to 1.25, and the Bitcoin flywheel has been set in motion. Iran has opened the Strait of Hormuz and temporarily delayed nuclear talks; the White House says there is discussion. Alphabet, Microsoft, Amazon, Meta, and Apple will release their earnings reports, and the central bank’s decision is also in the spotlight. Investors are watching risks from inflation and oil prices.

BitMine Holdings Reach Record 5.078 Million ETH After $241.4M Weekly Purchase

Gate News message, April 27 — BitMine Immersion Technologies announced its Ethereum holdings surged to 5.078 million tokens after acquiring 101,901 ETH over the past week, marking the company's largest weekly purchase since mid-December 2025 and solidifying its position as the largest public ether t

Shiba Inu Outflows Hit 86B as Exchange Supply Tightens

Shiba Inu shows net exchange outflows, shrinking liquidity and easing near-term selling, amid price consolidation and active but limited retail repositioning. An on-chain view of Shiba Inu shows a large 86 billion token outflow from centralized exchanges and persistent negative net flows, reducing near-term selling pressure. Price action is in a tight consolidation above support as exchange reserves shrink and withdrawals rise, creating supply-tight conditions. Activity indicates active repositioning with limited retail participation, implying a market rotation rather than a structural shift. The setup could yield stronger price moves if demand returns.