1/5

1/5 The Bitcoin and Eth ETFs, plus Strategy ($MSTR) and BitMine Immersion Technologies ($BMNR), are collectively holding an unrealized loss of $62.41 Billion BTC Unrealized Losses (and average purchase price) All Spot Bitcoin ETFs = $22.42 Billion ($82,899) Strategy (largest BTC Treasury Company) = $19.84B ($75,640) Total Unrealized Losses = $42.26 Billion ETH Unrealized Losses (and average purchase price) All Spot Ethereum ETFs = $9.37 Billion ($3,934) BitMine Immersion Technologies (largest — via @biancoresearch

Massive $62.41B unrealized loss across Bitcoin/Eth ETFs and treasuries signals severe market downturn.