Bitmine paper loss hits $8.8B as Ether slump tests cyclical thesis

Market Intelligence Analysis

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Why This Matters

Bitmine's $8.8B paper loss and Ether's 60% decline are testing the cyclical thesis, potentially signaling an inflection point in Ether's medium-term momentum.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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The mounting unrealized losses of Bitmine shareholders and Ether’s 60% decline are signaling a critical inflection point that may define Ether’s medium-term momentum, analysts said.

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Full article on CoinTelegraph
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Original article published by CoinTelegraph on February 23, 2026.
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