BMNR Extreme Value Deduction 3.24

Last week, due to the Middle East crisis, ETH fell back after hitting resistance around 2.4k, and Trump also staged a dramatic scene. As analyzed yesterday, regarding the Middle East risk, I think focusing on the yield of the 10-year US Treasury bond is sufficient. Once it breaks through 4.4%, administrative intervention is inevitable. This was validated during last year's tariff turmoil. The underlying logic is that government spending relies on rolling over US Treasury bonds. If interest rates are too high, government revenue will be unable to cover the interest costs. The Clarity Act is still steadily progressing this week, with the market expecting the banking committee to reach a consensus around Easter. The advancement of the Clarity Act + the launch of BlackRock's staking ETF ETHB have been significant positive fundamentals for ETH over the past period. However, the crypto market as a whole is heavily influenced by capital liquidity, which is closely tied to macro volatility, offsetting some of the benefits brought by fundamental improvements.

This Monday, BMNR updated its coin accumulation progress, holding 4.66 million coins, with an increase of 65,000 last week. The cash position was reduced to 1.1 billion, used for coin accumulation, with mNAV maintained at 1. BMNR resumed staking progress, adding 100,000 ETH staked last week, bringing the total stake to 3.14 million. There is one week left until the end of Q1, and MAVAN is about to launch soon. In April, BMNR will release its Q2 fiscal year financial report, and staking rewards will also be reflected in the report. mNAV has been fluctuating around 1 for three consecutive months since January and is expected to remain in this state until ETH breaks through 2.8k. The current strategy is still to wait, postpone projecting extreme ranges, lie flat and follow ETH's fluctuations.

Not investment advice

$BitMine Immersion Tech(BMNR.US)