Bitmine, one of the largest corporate holders of Ethereum, is about to stop buying ETH after reaching its self-imposed cap of 5% of the total supply, a limit encouraged by Ethereum co-founder Vitalik Buterin. The company has accumulated roughly 6 million ETH, or 4.9% of the supply, in just over a year, much faster than the originally planned five years. Bitmine has also staked 86.5% of its ETH holdings, focusing on productive use rather than just accumulation. With Bitmine’s buying pressure ending, future Ethereum demand will depend more on ETF flows, staking growth, and broader institutional adoption.
Ethereum trades at Rp43.224.291 on Pluang as of Oct 22, 2026 19:45 WIB, showing a 2.72% decline in the past day. Market activity on Pluang leans towards buying with 68% of orders, while typical holders keep their ETH for about 107 days. The news about Bitmine stopping its ETH purchases may influence future demand, which could shift depending on ETF flows and staking trends.
Bitcoin experienced the largest outflow among cryptocurrencies with $403.44 million leaving, while tokens such as SOXLB and Ethereum saw notable inflows of $7.23 million and $5.17 million respectively. Funds also flowed into the crypto market from va...
On October 22, 2026, 11 cryptocurrency tokens reached all-time high prices, including Ondo Short-Term U.S. Government Bond Fund (OUSG) and Obligate Trade Finance Yield (OTFY), which held their peak values. Meanwhile, 8 tokens hit all-time lows, with ...
In the past 24 hours, Bitcoin (BTC) and XRP experienced significant net outflows, with BTC seeing the largest withdrawal of $302.61 million. Meanwhile, stablecoins USDC and USDT posted net inflows, led by USDC's $183.59 million inflow. Ethereum (ETH)...
Over the past week, staking market caps mostly rose, with Avalanche posting the largest gain of 9.51%, despite a negative annual return. Ethereum and Solana also saw increases, while Tron experienced the biggest drop at 2.96%. Staking rewards general...
Prediction markets indicate a 22% probability that XRP will reach $2 by the end of the year, up 4 percentage points in one day. Bitcoin's chance of hitting $100,000 by year-end rose to 27%, despite recent price declines. Ethereum's probability of rea...
