In late March 2026, the crypto market, after experiencing a prolonged adjustment, welcomed two notable signals. On one hand, renowned market analyst and Fundstrat co-founder Tom Lee publicly stated that Ethereum is in the "final stage of a mini crypto winter." On the other hand, Bitmine Immersion Technologies, the Ethereum whale company where he serves as chairman, announced that it increased its holdings by 65,341 ETH in the latest week, bringing its total position to over 4.66 million ETH. With these two pieces of news overlapping, they quickly became the focus of market discussion. This article, based on Gate market data and combined with timeline analysis, position structure, and market sentiment, conducts an in-depth breakdown and analysis of this event, exploring the logic and potential impact behind it.