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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
According to reports from CoinDesk, Bitmine, an entity associated with Tom Lee, has significantly reduced its weekly ether accumulation rate. The firm purchased roughly 26,000 ether last week, marking a sharp decline from its previous weekly average of 100,000 tokens. This tactical slowdown follows the firm reaching a major milestone, having purchased a total of 1 million ether units so far this year.
This shift highlights a change in institutional accumulation strategy, as large-scale buying often cools once specific internal targets are met. Compared to broader digital asset trends, investors closely monitor institutional 'whale' activity as a gauge for sustained market demand. Per market data, a reduction in buying pressure from major holders like Bitmine typically signals a cooling of immediate demand, potentially leading to a phase of price consolidation.
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Sign InAt the close on May 12, 2026, ether prices remained sensitive to institutional flow signals and upcoming macroeconomic catalysts. Looking ahead, the market is focused on the U.S. Initial Jobless Claims data scheduled for May 7, 2026, which may influence Fed policy expectations and overall risk sentiment. Traders will be watching to see if ether can maintain its current support levels despite the reported decrease in institutional buying volume.