Why Is BitMine Buying When Ethereum ETF Outflows Surge? ETH Crash 4%

If you saw today’s $ETH price crash of 4%, currently standing at $3,722, you might be wondering what’s going on. News everywhere says “Ethereum ETF outflows hit $98 million.” But here’s what most people missed: while some coins sold, BitMine Immersion bought a huge 82,300 tokens, worth around $320 million, in just one week.

Source: Wu Blockchain Data

This article explains the Spot ETF outflows reasons, why Bitmine buys ETH, and what technical charts are showing for the next move.

Ethereum ETF Outflows: Short-Term Selling, Not Panic

By October 31, exchange traded funds saw $98.2 million in outflows, meaning investors pulled massive money. But this doesn’t mean a crash is coming. Most of this is just profit-taking after a few good weeks.

Source: SoSoValue Official Website

Here’s how the funds exit looked:

• BlackRock’s ETHA (NASDAQ-listed): around $38.6M

• Fidelity’s FETH: about $27M

• Grayscale’s ETHE: together over $25M

• Bitwise & VanEck: small withdrawals

Even after all that, total inflows in these listed funds are still huge, about $14.37 billion. That shows that its institutional demand is still rising.

But if more money keeps leaving in early November, ETH price crash might stay weak between $3,700 and $3,800, as some funds adjust their portfolios and take profits. So, this is not panic,  it’s just a short break after strong gains.

BitMine Buys ETH Worth $320M: A Strong Sign of Confidence

While Ethereum ETF outflows surge, this latest Bitmine news tells a different story. The company added 82,300 tokens in a single week, worth around $320 million.

By November 2, 2025, Its total assets had grown to $13.7 billion, which includes:

• 3.395 million ETH Bitmine Holdings

• 192 BTC

• $389 million in cash

That’s a massive amount, about 2.8% of this altcoin's total circulating supply. And the most important factor behind these purchases are not just real on-chain buys, but also exchange traded funds trades.

So while Ethereum ETF outflows show some short-term selling, this buy shows strong long-term belief.

Technical Analysis: Oversold, But Signs of Recovery

At the time of writing, Ethereum price drop hits 4% loss  from the past 24 hours, currently standing at $3,722.75. But trading volume is up 80%, which means a lot of people are active.

Technical Indicators:

• RSI (38.87): This shows the asset is getting close to being oversold.

• MACD is still slightly negative, showing some selling pressure.

• Support: $3,680

• Resistance: $3,780–$3,820

This TradingView price chart clearly explains the current ETH price crash, but a trend reversal can happen anytime soon as seen in the MACD lines.

As long as it holds above $3,600, it stays neutral to bullish. If funds exit flip into inflows, and whale buying continues, then it can reach $3,950–$4,000 again.

Ethereum Price Forecast 2025: If the network keeps growing, and institutional demand like BitMine buys ETH increases, then it could target $5,500–$6,200 by 2025.

Conclusion

Key Points Every Trader Should Note:

• Ethereum ETF Outflows = short-term selling by funds, not the end of the story.

• BitMine Buy = strong faith in the asset's long term future.

• Technical signals = short-term weakness but long-term strength.

So even though the market looks shaky, it still has strong support from big institutional players. Corrections are normal, and with the right mix of patience and understanding, it could still be on its path toward $6,000 in 2025.