Key Takeaways
- •Ethereum price experienced a significant drop, falling below $2,800.
- •Speculators and institutional investors added $654 million in bets on Ethereum.
- •This accumulation suggests confidence in Ethereum's long-term potential and possible market rebound.
Ethereum Price Drop Spurs Speculative Investment
Ethereum speculators, notably led by BitMine Immersion, have injected $654 million in new positions as the price of Ether (ETH) declined to $2,800. This surge in speculative investment occurred amidst market volatility on November 2025, highlighting continued institutional interest in the cryptocurrency.
The accumulation of Ethereum by speculators and institutional buyers, amounting to $654 million, occurred as its price fell below the $2,800 mark in recent trading sessions. This event signals potential interest in a market recovery and demonstrates ongoing speculative confidence despite the recent price decline.
This accumulation signals confidence in Ethereum's long-term potential, despite immediate price drops, and highlights market resilience and institutional buy-in at current value points.
Massive $654 Million Bet Despite Ethereum's Price Drop
Ethereum's price fell under $2,800, leading to a substantial increase in speculative bets. BitMine Immersion, a key Ethereum-focused treasury firm, continued its aggressive ETH accumulation, adding $83 million worth of ETH. Prominent figures like Tom Lee of BitMine Immersion and Ki Young Ju of CryptoQuant emphasized institutional interest, suggesting Ethereum is undervalued according to multiple valuation models. This led to a buy spree despite the price decline.
Speculators Move In: $654 Million Ethereum Investment Surge
The plunge to below $2,800 saw speculators stepping up investments, adding $654 million in bets. On-chain data indicates a market leverage reset, reducing downside risks for Ethereum futures markets. Financial markets reflect mixed signals as price pressure continues, while signs of potential stabilization emerge. This includes strong on-chain fundamentals and growing developer activity supporting Ethereum's valuation.
Past Corrections Hint at Possible Bullish Ethereum Rally
Similar price corrections in the past have triggered leverage resets and subsequent institutional accumulation phases. Historically, such actions often preceded bullish rallies, indicating potential future movements. Experts like Tom Lee, projecting a rebound to $7,500 for Ethereum, see potential macroeconomic shifts and Ethereum development progress as catalysts for future market behavior.
Tom Lee, Chair, BitMine Immersion, "Collectively, we see quantitative tightening and a potential Fed rate cut as positive tailwinds for ETH prices, thus we stepped up our weekly purchases of ETH by 39%."