Tom Lee's BitMine shows $7.35B ETH paper loss as charts flag $1,600 risk

Tom Lee's BitMine is sitting on about $7.3 billion in unrealized losses on its Ethereum treasury as ETH sentiment weakens and technical signals turn bearish. A breakdown could imply a move toward $1,600 (about 25% lower), which would lift BitMine's paper losses to nearly $10.1 billion based on 5.28 million ETH held and a $3,513 average cost.