According to the source, BitMine acquired another 32,977 ETH, lifting its total holdings to 4.14 million ETH. According to the source, this position is valued at $13 billion and equals 3.4% of Ethereum’s circulating supply, indicating notable whale concentration. Based on the source-reported concentration, traders should monitor BitMine-linked wallet flows for large exchange deposits or withdrawals that can affect ETH order-book liquidity and slippage. Building on the source’s figures, watch ETH funding rates, futures basis, options skew, and the ETH/BTC ratio for stress tied to potential whale activity. According to the source, the ongoing accumulation makes on-chain alerts, exchange reserves, and staking inflows key leading indicators for managing short-term ETH volatility.