#BitMineBoostsETHStaking 💎 The “BitMine Effect”: ETH Supply Squeeze Has Officially Begun
BitMine has staked over 1.7 MILLION ETH — nearly 40% of its total holdings.
This isn’t just yield farming. This is supply engineering.
When an institution removes that much ETH from circulation, it fundamentally changes price dynamics.
Let’s break it down 👇
🧱 1️⃣ The Liquidity Vacuum
Ethereum’s liquid supply was already shrinking due to EIP-1559 burns.
Now add 1.7M ETH locked in staking:
• Exchange balances near multi-year lows
• Validator entry queues stretched to weeks
• Less ETH available for instant