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Ethereum drops 8% amid quarter-end window dressing; major holders continue buying despite losses.

Market News
30 Jun 2026
BeInCrypto
View Source
Bearish
pluang ai news

Ethereum (ETH) fell 8% last week, a decline linked by Bitmine Chairman Tom Lee to quarter-end window dressing, where funds sell losing assets to improve portfolio appearances. Despite the drop and a nearly 22% monthly decline, Bitmine increased its holdings by 27,084 ETH, now owning about 4.7% of total supply. SharpLink, the second-largest holder, also resumed buying after eight months, even with a $1.7 billion unrealized loss. This buying activity suggests confidence among large holders, though the market's direction may become clearer in July.

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