Blockchain
What BitMine’s 4M ETH Treasury Means for Its Stock
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Key takeaways
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Large market participants are steadily reducing exposure, creating sustained selling pressure across Bitcoin, Ether and XRP.
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Global macro tightening, including Bank of Japan rate-hike expectations and muted reactions to Fed cuts, is weighing on risk appetite.
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Buyer demand is weakening, with slower treasury accumulation and fewer aggressive dip buyers than in past cycles.
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Bitcoin is testing critical long-term technical levels that have historically preceded extended drawdowns.
BitMine Immersion Technologies (ticker: BMNR) said it held…
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