Ethereum Purchases Persist as Bitmine Receives 24,827 ETH ($72.52M) from BitGo, Linked to Wallet 0x748d

On November 20, COINOTAG News cites Lookonchain monitoring to profile ongoing ETH accumulation even as price dips, suggesting strategic buying activity by notable market participants rather than a broad rally.

A new wallet, 0x748d, appears linked to Bitmine, having just received 24,827 ETH from BitGo—worth about $72.52 million—highlighting a substantial inflow that could influence near-term supply dynamics.

If the linkage to Bitmine holds, this activity underscores targeted transfer patterns and risk management by BitMine stakeholders, as traders and analysts watch for implications on Ethereum liquidity and price resilience.