Bitmine faces an $8.8B paper loss as ETH drops 60% 📉, trading below its $3,843 cost. Despite the dip, institutions & whales keep buying, signalling confidence in Ethereum’s long-term potential. #ETH #Crypto #Bitmine

【$LA Signal】Long! 1H Strong Consolidation, Negative Funding Rate Short Squeeze Imminent $LA The 1H timeframe has been consolidating strongly after yesterday's surge, with the price staying close above EMA20(0.2384), rejecting a deep correction. The 4H timeframe has broken through the long-term downtrend line, forming a V-shaped reversal pattern. Currently, the negative funding rate is as high as -0.7258%, and open interest remains stable. This is a typical short squeeze fuel. Once the price re-initiates upward, shorts will be forced to close, pushing the price higher. 🎯Direction: Long (Long) 🎯Entry/Order: 0.2450 - 0.2470 (Reason: 1H EMA20 support zone and the lower boundary of the current consolidation platform) 🛑Stop Loss: 0.2390 (Reason: Break below 1H EMA50 support and the starting point of yesterday's bullish breakout candle) 🚀Target 1: 0.2590 (Reason: Yesterday's high and 1H resistance level) 🚀Target 2: 0.2750 (Reason: 4H resistance level and 1.618 Fibonacci extension level) 🛡️Trade Management: - Position Size Recommendation: Standard Position (Reason: 4H trend reversal confirmed, 1H structure remains strong) - Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through 0.2590, trail the stop loss on the remaining position to seek greater gains. Depth Logic: The order book shows buy-side depth significantly exceeds sell-side (depth imbalance -19.67%), with obvious large order support. The 1H RSI(65.08) is in a healthy bullish zone, not overbought. The key point is that after a significant price surge, open interest remains stable rather than decreasing, indicating that the new funds are genuine long positions rather than short-term profit-taking. Coupled with the extremely high negative funding rate, this forms a perfect short squeeze structure. The current price range of 0.245-0.255 is an excellent second entry point. View real-time market 👇 $LA --- Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL ‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包

🚨BREAKING: Tom Lee’s BitMine just scooped up $91.13 MILLION worth of Ethereum! 🇺🇸🐳📈 Massive ETH buy amid the broader crypto dip classic contrarian play from the Fundstrat founder / BitMine Immersion boss. Institutions loading ETH while BTC bleeds? Tom Lee doubling down on