Bitmine deposits ~342,560 ETH (~$1B) into staking over two days; net staking inflows outweigh 35,627 ETH redemption
first published 2025-12-28T09:49:00Z
Bitmine staked 342,560 ETH (~$1B) via repeated batch deposit tranches (28,320 ETH), including a 74,880 ETH deposit on Dec. 27. SharpLink Gaming redeemed 35,627 ETH (~$104.4M) hours earlier, but net flows are dominated by large staking inflows that remove ETH from circulation. Despite these inflows, Ethereum's price remains below key moving averages with muted volume and a contracting structure.
AI Analysis
Summary reports 342,560 ETH (~$1B) staked via batch deposit contracts and a 35,627 ETH redemption; net flows dominated by staking inflows that remove ETH from circulation; price still trapped below key moving averages with muted volume — staking inflows are bullish for supply dynamics but price action remains weak.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
