Ethereum, along with the entire crypto market, is showing signs of strain. Though the tokens are trading in green, the bulls are not strong enough to counter the sellers.
Yet, amidst this struggling market condition, Tom Lee’s BitMine is making headlines for adding more ETH to its treasury.
According to the latest data from Lookonchain, BitMine has reportedly added another 40,000 ETH worth $82.07 million from FlaconX, a crypto prime brokerage platform for institutions, on the 4th of April.
The timing is raising eyebrows
These moves came as the Crypto Fear and Greed Index stood in the “Extreme Fear” zone.
Taking a seat back, if we look carefully, the crypto market has been below the “Neutral Level” in…
