There is a theory that the crypto market is not following a 4-year cycle and that this current "bear cycle" is in fact a mid-cycle correction within an extended cycle beginning from the 2021 peak. This implies the mid-2025 ATH is not the cycle top but merely a local top.🧵1/6
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ETH pumped $400 in ONE day and ETH-BTC is now 0.0325+ which breaks the 9-YEAR downtrend from the mid-2017 peak. It's equivalent to silver breaking past its decades long $50 resistance in 2025.
This foreshadows a larger price coming in the emerging bull cycle. Expect higher ATH.
ethereum:native (priced in BTC) is in a massive 9-year downtrend from June 2017 peak and is very close to breaking out. A .03+ print should be confirmation.
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Tom Lee's ETH treasury $BMNR is interesting. It diluted heavily during 2025 hype and is $18. But with 5.805M ETH 209 BTC and $105M cash plus investments in Eightco and Beast the NAV is $11.28B relative to mcap of $10.86B (3.7% discount). 19M shares were rebought since July. 1/2
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Tom Lee's ETH treasury $BMNR is interesting. It diluted heavily during 2025 hype and is $18. But with 5.805M ETH 209 BTC and $105M cash plus investments in Eightco and Beast the NAV is $11.28B relative to mcap of $10.86B (3.7% discount). 19M shares were rebought since July. 2/3
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Tom Lee's ETH treasury $BMNR is interesting. It diluted heavily during 2025 hype and is $18. But with 5.805M ETH 209 BTC and $105M cash plus investments in Eightco and Beast the NAV is $11.28B relative to mcap of $10.86B (3.7% discount). 19M shares were rebought since July. 2/3
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