Tom Lee’s BitMine A Factor In Capital Moving From Bitcoin To Ethereum, Says This Popular Analyst
Posted On August 27, 2025
Cryptocurrency analyst Willy Woo highlighted a significant shift in capital from Bitcoin (CRYPTO: BTC) to Ethereum (CRYPTO: ETH) on Tuesday, fueled by BitMine Immersion Technologies Inc.‘s (AMEX:BMNR) treasury play.
The BitMine Effect?
In an X post, Woo noted that the daily inflows into ETH, at around $0.9 billion, are nearing those of BTC. They cited a graph to show that the capital rotation began after BitMine started accumulating ETH in early July.
Notably, BTC’s market …
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