BitMine expands Ethereum reserves, eyes $20k ETH

BitMine Immersion Technologies Inc. has strengthened its position in the digital asset space, purchasing over 102,000 Ethereum, as co-founder Tom Lee argues that the company’s long-term strategy remains solid despite market volatility. Summary The purchase brings BitMine’s Ethereum holdings to approximately 3.97 million ETH, valued at $12.2 billion, placing the company on track to meet…

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Bitcoin, Ethereum options expiry puts max pain levels to the test Dec. 20

Bitcoin and Ethereum options worth billions expire Dec. 20, with max pain clusters and BTC put skew setting the stage for short‑term volatility.​ Summary Options data shows Friday’s expiry concentrates BTC and ETH open interest around clear max pain levels that often act as near‑term magnets.​ Bitcoin’s structure leans heavier to puts, signaling stronger demand…

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Ethereum price bulls face liquidation risk as open interest climbs

Ethereum price is trading below key moving averages as rising futures open interest and flat price action flag liquidation risk and heightened two-way volatility.​ Summary Ethereum price briefly broke a descending trendline and tested resistance before rejection, staying capped under its 100-day and 200-day moving averages.​ RSI has cooled from overbought while a nearby bullish…

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Crypto stumbles as Dow rockets to record high, triggering a big-ticket rotation out of tech

The crypto market slid on Thursday even as the Dow Jones Industrial Average soared to a fresh record, underscoring a sharp investor rotation out of tech and into economically sensitive stocks following the Federal Reserve’s latest interest-rate cut. Summary Crypto slumped even as the Dow hit a record high, with Bitcoin and Ethereum falling alongside…

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