BitMine Adds 17,000 ETH as Market Monitors Potential Q4 Breakout

BitMine has increased its holdings by 17,000 ETH, a move coinciding with continued Bitcoin accumulation by MicroStrategy and Strive. While Bitcoin ETFs have seen over $6 billion in net inflows during Q3—more than double that of Ethereum—the market is watching to see if ETH can maintain its Q3 momentum into Q4. Historically, ETH has struggled to outperform Bitcoin in the fourth quarter since 2021. Analysts are closely monitoring the ETH/BTC ratio, which is currently testing the 0.03 resistance level, as a potential indicator of a broader rotation into altcoins.