@ChifoiCristian FCEL - now that Iran USA war over, shouldn’t have as much an energy crisis now. So I TP all off coz looks like bearish divergence on the 4 hourly.
@Fhill1776@wideopentruth Tight supply ? There’s c/supply of 17.5 BILLION atm. What’s so tight about 3 million tokens which is a mere 0.000171429%?
Conspiracy of velo going global rails has been going far too long. Always soon soon soon. But when price goes down, oh they suppress to flush weak hands 🤡
ON JUNE 26, A WAVE OF FORCED BUYING IS COMING FOR TOM LEE'S BITMINE $BMNR
While everyone watches the Ethereum selloff, a structural catalyst nobody's pricing in arrives in two weeks.
BitMine is set to join the Russell 1000 on June 26, clearing the index's $5.7B cutoff with a $10.7B market cap.
Here's why that matters:
Hundreds of index funds and ETFs are built to mirror the Russell 1000. The moment BMNR joins, they have to buy it. No opinion, no timing, just automatic demand.
Tom Lee estimates passive funds typically hold 20-25% of a member's market cap. On a $10.7B company, that's a multi-billion dollar wave of buying.
And it lands on a firm holding 4.3% of all $ETH.
@Insider_Learner Hi Kelvin, I was looking at $BTC 12 month chart, and since back in 2011, the pull back has always been back to 0.382 fib thereabouts. If this time is same, then $56k should be bottom. What are your thoughts ? TY
@ChifoiCristian Chief-oi, I was looking at $BTC 12 month chart, and since back in 2011, the pull back has always been back to 0.382 fib thereabouts. If this time is same, then $56k should be bottom. Pls check it out. TY