BitMine chairman Tom Lee is signaling a buying opportunity for Ethereum (ETH), citing the recent market deleveraging event as a sign of an attractive price dislocation. Lee, who recently increased BitMine’s ETH holdings by $250 million, believes this surge is indicative of an upcoming Supercycle for Ethereum. His bullish stance was fueled by a statement that Ether’s current price aligns with historical trends. According to blockchain analytics firm Arkham Intelligence, BitMine purchased another $250 million worth of ETH from exchanges like Bitgo and Kraken on Monday. The company now holds over 3.3 million ETH tokens, representing more than 2.7% of the total supply. This latest buying spree brings them closer to their goal of holding 5% of the Ethereum supply. Lee’s prediction for a surge in Ether’s price has been further bolstered by his firm belief that it will reach $10,000 this year. BitMine’s stock is currently up after Lee shared his bullish outlook on the crypto market, which seems to be attracting institutional interest. The company’s high liquidity plays a key role in this trend, with their trading volume share now accounting for nearly 88% of all global DAT trading volume alongside MSTR. BitMine remains the largest Ether treasury company, holding over 5.74 million ETH, representing nearly 4.75% of the total supply according to recent reports.