"Large market participants are steadily reducing exposure, creating sustained selling pressure across Bitcoin, Ether and XRP. Global macro tightening, including Bank of Japan rate-hike expectations and muted reactions to Fed cuts, is weighing on risk appetite. Buyer demand is weakening, with slower treasury accumulation and fewer aggressive dip buyers than in past cycles. Bitcoin is testing critical long-term technical levels that have historically preceded extended drawdowns."
"BitMine Immersion Technologies (ticker: BMNR) said it held 3,967,210 Ether ( ETH) as of Dec. 14, 2025. Alongside its Ether position, the company disclosed holdings of 193 Bitcoin ( BTC), a $38-million equity stake in Eightco Holdings (Nasdaq: ORBS) and $1 billion in cash. Taken together, BitMine described its combined "crypto + total cash + moonshots" holdings as being worth roughly $13.2 billion-$13.3 billion at the time of writing."
Large market participants are steadily reducing exposure, producing sustained selling pressure across Bitcoin, Ether and XRP. Global macro tightening, including Bank of Japan rate-hike expectations and muted reactions to Fed cuts, is weighing on risk appetite. Buyer demand is weakening, with slower treasury accumulation and fewer aggressive dip buyers than in past cycles. Bitcoin is testing critical long-term technical levels that have historically preceded extended drawdowns. BitMine Immersion Technologies reported holding 3,967,210 ETH, 193 BTC, a $38 million equity stake in Eightco and $1 billion in cash, with combined crypto and cash holdings roughly $13.2–$13.3 billion versus a market capitalization near $13 billion.
Read at Cointelegraph
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