COINOTAG News, citing Onchain Lens data, shows that the BitMine wallet received 33,504 ETH across two transfers, recorded roughly 5 hours ago and 1 hour ago, for a total of approximately $112 million. The inflow traces to a FalconX address, signaling a sizable liquidity event within the Ethereum ecosystem and the broader mining infrastructure.

Analysts will monitor subsequent movements from BitMine and related addresses to assess liquidity strategy and risk exposure in Ethereum. The data reflects verifiable on-chain transfers rather than speculation, illustrating how major OTC desks can influence megawatt-scale settlement flows in the cryptocurrency mining sector.