Analyst: Two BitMine-related addresses received 34,000 ETH from FalconX
analyst Emmett Gallic stated on X platform that BitMine, the treasury company of Ethereum, received 34,000 ETH worth $135 million from two associated addresses at FalconX.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Quick Take Summary is AI generated, newsroom reviewed. The trader who predicted the Oct 10 crash took a $1.3M Bitcoin loss but remains long on 40,000 ETH at 5x leverage. His Ethereum long position signals belief in ETH’s stronger fundamentals and potential for near-term outperformance. The event highlights high-risk decision-making and adaptive crypto market strategy in volatile conditions. Market watchers are split on whether this marks a tactical shift or an early warning of further instability.Reference
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