Tom Lee's Ethereum gamble faces $1.3 billion paper loss
Bitmine Immersion Technologies Inc., a publicly traded company backed by billionaire Peter Thiel and led by Wall Street forecaster Tom Lee, bought 3.4 million Ethereum coins for an average of $3,909 and is now facing a book loss of $1.3 billion.
$BitMine Immersion Technologies Inc.(BMNR)$$Coinbase Global, Inc.(COIN)$$CME Ether - main 2511(ETHmain)$ 📉 Still riding the wild volatility in BMNR, grinding hard inside this downward channel with Tom Lee’s special energy owning the tape. Blue band edge at $25.60 keeps acting like a magnet and there is zero real reversal until $28.88 holds with proper conviction and volume. Sellers still in control, momentum stays savage, so a classic liquidity flush into $21.50 is on the cards if trend flow keeps leaning bearish. Structure stays locked to the $2495 ETH key level and rotation will flip fast once order flow shifts. Big Money glued to every tick. Tom Lee vib
$BitMine Immersion Technologies Inc.(BMNR)$$Strategy(MSTR)$$Grayscale Ethereum Mini Trust ETF(ETH)$ 📉 $BMNR is coiled at the $33 pressure line and this $30 compression is signalling a decisive move ahead. The structure remains weak on higher timeframes and the $BMNR / $MSTR ratio on the weekly shows an ascending triangle that often appears before volatility expands. $ETH sits in a long multi year buildout, yet price action remains heavy after a 46% drawdown in five weeks. Founder Tom Lee bought 12.5B of $ETH near the 4k top, now down roughly 5.75B 🩸🩸🩸 in value with a clear Stage 4 decline per Stan Weinstein. Since July, Tom Lee has still lost you less
$BitMine Immersion Technologies Inc.(BMNR)$$Coinbase Global, Inc.(COIN)$$CME Ether - main 2511(ETHmain)$ 📉 Still riding the wild volatility in BMNR, grinding hard inside this downward channel with Tom Lee’s special energy owning the tape. Blue band edge at $25.60 keeps acting like a magnet and there is zero real reversal until $28.88 holds with proper conviction and volume. Sellers still in control, momentum stays savage, so a classic liquidity flush into $21.50 is on the cards if trend flow keeps leaning bearish. Structure stays locked to the $2495 ETH key level and rotation will flip fast once order flow shifts. Big Money glued to every tick. Tom Lee vib
$BitMine Immersion Technologies Inc.(BMNR)$$Strategy(MSTR)$$Grayscale Ethereum Mini Trust ETF(ETH)$ 📉 $BMNR is coiled at the $33 pressure line and this $30 compression is signalling a decisive move ahead. The structure remains weak on higher timeframes and the $BMNR / $MSTR ratio on the weekly shows an ascending triangle that often appears before volatility expands. $ETH sits in a long multi year buildout, yet price action remains heavy after a 46% drawdown in five weeks. Founder Tom Lee bought 12.5B of $ETH near the 4k top, now down roughly 5.75B 🩸🩸🩸 in value with a clear Stage 4 decline per Stan Weinstein. Since July, Tom Lee has still lost you less