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Aug 26, 2025Tom Lee calls Ether bottom in next few hours as BitMine doubles down with $21M buy adding 4,871 tokens to reach 1.72 million ETH holdings.
The forecast follows Lee’s previous accurate call on August 19, when he correctly predicted Ethereum’s temporary decline to the $4,075-$4,150 range before recovery.
During that time, BitMine has secured its position as the world’s largest Ethereum corporate treasury after aggressive accumulation since late June.
Institutional Giants Lead Ethereum Rotation From Bitcoin
BlackRock accelerated Ethereum accumulation 15 times faster than Bitcoin over the past 30 days, with ETH holdings growing 65% compared to just 4% Bitcoin growth.
The asset management giant’s strategic shift coincides with Ethereum ETFs amassing 6.5 million ETH through sustained daily inflows approaching 80,000 tokens.
Bitcoin whale activity supports the rotation narrative, with one major holder purchasing $128.32 million worth of Ethereum while reducing Bitcoin exposure.
The trend extends to political figures, with Trump reportedly adding $8.6 million in ETH alongside $10 million in Bitcoin.
Corporate competition intensified as BitMine filed for an additional $20 billion at-the-market equity offering expansion, boosting total stock sale capacity to $24.5 billion.
Market Dynamics Support $5,000+ Trajectory Despite Short-Term Volatility
Earlier this month, selling pressure from whales, ETFs, and retail investors pushed Ethereum from $4,793 to $4,198 before a modest recovery.
However, following that, ETH has recovered and broken the new ATH above $5000, making August the best month for the crypto this year.
Moreover, Ethereum achieved historic milestones during the rally, becoming the fastest asset ever to reach $500 billion market cap, surpassing major companies and Bitcoin’s previous record.
Source >> Tom Lee Calls ETH Bottom ‘In Next Few Hours’ as BitMine Doubles Down with $21M Buy