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This is how the story looked in the week of Oct 18 – Oct 24. It came back in a later week: see the latest →

Narrative / Rank 13 / Week of Oct 18 – Oct 24 / 3rd week running (was #6)

Tom Lee's $62K $ETH call and Tom Lee-anchored $10K targets re-circulate as $ETH dips 3.4% on the week

By NSA Intelligence · Report published

steady$ETH
Peak / day16tracked accounts
Peak dayTueOct 20 · busiest day in the panel
Rest of X / peak day211distinct accounts outside the panel
Cited claims94 dropped by automated checks
Market · $ETH-3.4%7-day price · rank #2

Attention

Who was talking, day by day

Oct 18 – Oct 24 UTC
Tracked paneldistinct tracked accounts / day
14
15
10
11
10
14
16
Rest of Xdistinct other accounts / day
45
191
211
200
196
170
171

What happened

Bitmine chairman Tom Lee's $ETH call of $62,000 for the largest Ethereum treasury ($BMNR) was recirculated. @bastiaan_eth said he sees $ETH easily over $10,000 in the near future. @bastiaan_eth said only 9.6% of all $ETH is left on exchanges and keeps decreasing every month, which he claims means any bullish catalyst will boost $ETH to $10,000.

+ 6 more in the evidence register ↓

Why it matters

For a crypto-native audience, the $ETH story this week is the gap between the loudest bull case — Tom Lee's $62K call via Bitmine's $BMNR treasury and the recurring $10K retail target — and a market block showing $ETH down 3.36% over 7 days. The number that mattered most in the feed was @bastiaan_eth's 9.6% of $ETH left on exchanges and still falling, which is the sort of statistic that gets reused as a catalyst argument; traders should treat that figure as an account's claim, not a market-data print.

Observed reaction

Mildly bullish rhetoric against a red week. Bullish takes (Bastiaan's exchange-supply stat and $10K, ec265's 'huger' relative-to-BTC frame) drew the highest engagement — 617 likes on the @altcoinmillie RT, 180 on @bootzz's bottom-index RT, 166 on @ec265 — while @timheus was the explicit caution. Note the aggregate metrics are low-likes, high-view posts, and the Bitfinex-whale long framing via @MaxCrypto is a leveraged positioning claim by an account, not a market-data print.

Spread

Where it started and who carried it

First seen
Oct 18, 00:04 UTC by @theordinalside
Accounts
45 tracked · 35 elsewhere on X
Communities
general ct (10), perps trading (10), eth defi (7), memecoins solana (7)
Key accounts
@ashcrypto, @watcherguru, @cryptowizardd, @cryptorover, @hellosuoha

Explainability

Evidence register

Every claim links to the posts behind it
01

Bitmine chairman Tom Lee's $ETH call of $62,000 for the largest Ethereum treasury ($BMNR) was recirculated.

[1]
02

@bastiaan_eth said he sees $ETH easily over $10,000 in the near future.

[1]
03

@bastiaan_eth said only 9.6% of all $ETH is left on exchanges and keeps decreasing every month, which he claims means any bullish catalyst will boost $ETH to $10,000.

[1]
04

@ec265 expects $ETH to outperform every major crypto over the next 10 years and said every day $ETH is under $10k is a gift.

[1][2]
05

@bootzz said $ETH has rallied to 4k three times since March 2024 and once 2800 is broken there is no overhead resistance until the top of the range.

[1]
06

@timheus said $ETH does not look ready for its next move up from a Wyckoff perspective and he is waiting for the range low to be taken out.

[1]
07

@altcoinmillie quote-retweeted @MaxCrypto saying $ETH is going down while Bitfinex whales' ETH long positions are going vertical.

[1]
08

@bastiaan_eth said tokenization and stablecoin growth are driving TVL up and that the world economy is moving to Ethereum.

[1]
09

@ecd265 quote-retweeted a JP Morgan prediction that $BTC outperforms every major asset class over 10 years and counters that $ETH will outperform every major crypto.

[1]

Angles

  • Track the 9.6% exchange-supply claim from @bastiaan_eth against actual exchange balances — it is the most reusable number in the feed this week.
  • Poll the desk on where Tom Lee's $62K call sits now that $ETH is -3.4% on the 7d window.
  • Pull the @bootzz 2800/4000 range level and the @timheus Wyckoff range-low trigger and publish both as the week's concrete ETH levels.
  • Note the leverage angle: Bitfinex whale ETH longs framed as 'smart money' by @MaxCrypto while spot is red — label it as positioning, not confirmation.
  • Segment audience response by day using the 14/15/10/11/10/14/16 tracked-account cadence, peak 2026-10-20.

Formats in use

  • quote-retweet with a price-target claim
  • stat-drop post (9.6% of $ETH on exchanges)
  • chart-reading / Wyckoff framing
  • throwback / 'Tom Lee said' recap post
  • index or bottom-signal screenshot

Risks

  • Do not repeat '$10,000' or '$62,000' as anything but a quote attributed to the poster or to Tom Lee — no price predictions of our own; no financial advice.
  • The 9.6% of $ETH left on exchanges figure is an account's claim, not sourced to market data here — attribute it.
  • The Bitfinex whale long framing is an unverified positioning claim via a retweeted account; do not present it as smart-money confirmation.
  • The 'Iran conflict ends, oil, inflation, rates and bond yields fall' macro chain in @bastiaan_eth's post is the author's scenario, not a forecast to adopt.
  • The bull-case posts (Bastiaan, ec265, bootzz, Tom Lee recaps) read as narrative-promotion, not disclosed sponsorship; do not amplify as investment guidance.
  • No individual should be characterized beyond their own posted words.

Observed content

Most-engaged posts

8 posts on X
AL@altcoinmillie617 likes
RT @MaxCrypto: THIS IS GETTING INSANE. $ETH is going down, but Bitfinex whales' ETH long positions are going vertical. Smart money knows this dip is temporary, and a huge rally is coming. https://t.co/UYQknDAEmW
Open on X →
BO@bootzz180 likes
RT @CrypticTrades_: The Cryptic Bottom Index has managed to mark every major bottom on $ETH so far. And now, it is starting to signal another potential bottom formation. https://t.co/DP3XRVWGn1
Open on X →
EC@ec265166 likes
I expect $ETH to outperform every major crypto over the next 10 years I am huger
Open on X →
BA@bastiaan_eth143 likes
😳 UNBELIEVABLE ETHEREUM STATISTIC !👇 Only 9.6% of all $ETH is what’s left on exchanges. It keeps decreasing every month of the year. That means ANY bullish catalyst will boost us to $10,000 . Furthermore with stock tokenization and stablecoins increasing at a record pace, To
Open on X →
CR@cryptoglennimal117 likes
👀 $JUP READ THIS. $UNI 2020-2021 vs $JUP 2026. When Uniswap locked the aggregator position on Ethereum, $UNI ran significantly harder than $ETH. > Volume share dominance > Fee capture > Price action followed Same thing is happening on @solana right now. @JupiterExchange is
Open on X →
EC@ec265117 likes
Every day that $ETH is less than $10k is a gift
Open on X →
BA@bastiaan_eth116 likes
🔥 CRYPTO THROWBACK: TOM LEE MAKES IT VERY CLEAR: $ETH TO $62,000 !👇 Tom Lee, chairman of the largest Ethereum treasury $BMNR explains why the number one blockchain Ethereum is heavily undervalued. Me personally I see ETH easily over 10000 dollar in the near future. If the Ir
Open on X →
SO@solana_luke80 likes
bearish @papertrade_xyz they needs ~$15M of fresh deposits every day just to keep revenue at ~$4M/day. I pulled every USDC transfer in and out of papertrade's exchange account on hyperliquid since launch (86K+ transfers) and every close and liquidation on hyperEVM (1.3M+ event
Open on X →

History

Weeks this story made the report

4 weeks
  1. #12steadyUnverified $5.6B Binance 'hack' headline featuring $875M $ETH dominates the week as $ETH closes October down 16.3%
  2. #13steadyTom Lee's $62K $ETH call and Tom Lee-anchored $10K targets re-circulate as $ETH dips 3.4% on the week
  3. #6steadyTom Lee's $10K 2027/28 $ETH call headlines the week while Europe's 37-bank Qivalis euro stablecoin clears Dutch regulator on Ethereum
  4. #6steadyCorporate Treasury Accumulation Projections Spark Narrative Around $ETH Supply