BitMine Snaps Up ETH During Market Dip as Prices Drop 20% from Recent Highs
In the ever-volatile world of cryptocurrency, savvy investors often see downturns as golden opportunities. That’s exactly what seems to be happening with BitMine Immersion Technologies, the powerhouse holding the largest Ether treasury globally. Recent onchain insights reveal that the firm, led by Tom Lee, has once again capitalized on falling prices, scooping up a substantial amount of ETH amid a 20% slide from its August peak. It’s like watching a seasoned trader spot a bargain in a bustling market—timely and strategic.
Massive ETH Acquisition Boosts Treasury Holdings
Picture this: as ETH prices tumbled, BitMine reportedly added 104,336 ETH to its coffers on Thursday, valued at around $417 million at the time. This move, spotted through onchain tracking, pushed their total holdings to an impressive 3 million ETH, accounting for over 2.5% of the entire supply. Fresh wallets linked to the firm received these assets, mirroring patterns seen in previous buys. While BitMine hasn’t officially commented, the data paints a clear picture of confidence in ETH’s long-term potential.
This isn’t the first time BitMine has played the dip. Earlier in the week, following a sharp market correction over the weekend, they announced acquiring 202,037 ETH, turning market fear into an accumulation advantage. Tom Lee highlighted how the price drop presented a perfect entry point, emphasizing ETH’s resilience. As of October 16, 2025, with ETH trading around $4,200—recovering slightly from a low of $3,945—BitMine’s strategy appears even more prescient. Their treasury now represents half of all Ether held by public corporate entities, totaling about 5.9 million ETH worth $24.8 billion based on current valuations.
Digital Asset Treasuries Stay Resilient Amid Volatility
What stands out here is the unflappable stance of digital asset treasuries like BitMine. While the broader crypto market grapples with turmoil, these entities are doubling down, treating dips as invitations to build stronger positions. It’s akin to fortifying a castle during a storm—preparing for sunnier days ahead. BitMine has already hit 50% of its ambitious treasury goal in mere months, showcasing a bold vision that’s backed by real action.
Analysts point out that such moves create “supply vacuums,” where active accumulation reduces available ETH, potentially fueling future rallies. For instance, experts note three key factors at play: institutional buying, network upgrades, and growing adoption, all evidenced by onchain metrics showing decreased exchange inflows.
In terms of brand alignment, this kind of strategic investing resonates with platforms that prioritize reliability and innovation. Take WEEX exchange, for example—it’s a trusted spot where traders can seamlessly engage with ETH and other assets, offering low fees, robust security, and user-friendly tools that align perfectly with the forward-thinking ethos of firms like BitMine. Whether you’re accumulating during dips or exploring market trends, WEEX stands out as a credible partner, enhancing your crypto journey with its commitment to transparency and efficiency.
ETH’s Downward Trend and Bullish Predictions
The recent ETH dip has been stark, with prices retreating to $3,945 late Wednesday before edging back above $4,000. This 20% drop from the August high of $4,946 reflects broader market pressures, yet it’s not deterring optimists. Tom Lee, alongside figures like Arthur Hayes, remains bullish, forecasting ETH could reach $10,000 by year-end. Their confidence is rooted in historical patterns—ETH’s current chart echoes Bitcoin’s 2020-2021 surge, where recoveries led to explosive growth.
Analysts like Rekt Fencer draw parallels, suggesting ETH might mirror Bitcoin’s path, potentially hitting $15,000 this cycle. Crypto Bullet reinforces this by comparing 2024 Bitcoin patterns to 2025 ETH movements, predicting a climb to $6,000-$7,000 soon. These insights aren’t mere speculation; they’re supported by data showing similar consolidation phases before breakouts, with ETH’s fundamentals—like its role in DeFi and NFTs—remaining strong.
Recent buzz on Twitter amplifies this narrative. Posts from influential accounts, such as a viral thread by @CryptoAnalystX on October 15, 2025, discussed ETH’s “nuclear” potential with supply dynamics, garnering thousands of retweets. Official announcements from Ethereum developers about upcoming ZK tech upgrades, shared on October 14, 2025, via their blog, highlight paths to 10,000 TPS, stirring excitement. Frequently searched Google queries like “Is ETH a good buy during dips?” and “ETH price prediction 2025” reflect widespread interest, with discussions trending around institutional adoption and market recovery.
It’s fascinating how these patterns create a sense of déjà vu, much like watching history repeat in the stock market but with crypto’s unique twists. For readers eyeing the space, this underscores ETH’s enduring appeal, backed by real-world utility and expert-backed forecasts.
FAQ
What makes BitMine’s ETH purchases significant for the market?
BitMine’s acquisitions, like the recent 104,336 ETH buy, signal strong institutional confidence, reducing circulating supply and potentially driving future price increases. With holdings at 2.5% of total ETH, it’s a major force shaping market dynamics.
How does ETH’s current price compare to its all-time high, and what’s the outlook?
As of October 16, 2025, ETH is around $4,200, down 20% from its August peak of $4,946. Analysts predict a rebound to $10,000 by year-end, drawing from historical patterns similar to Bitcoin’s past rallies.
Why are digital asset treasuries buying during dips?
These treasuries view dips as opportunities to accumulate at lower prices, building long-term value. It’s a strategy supported by data showing market recoveries often follow such periods, enhancing positions without speculative risks.
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Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us
Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.
The following is the original content:
Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.
In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.
When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."
Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.
A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.
I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.
Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.
But everyone overlooks one thing: the current state of these software products is simply terrible.
I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.
From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.
Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.
I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.
This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.
Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.
But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.
As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.
We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.
We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.
The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.
My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.
At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.
If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.
Source: Original Post Link

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