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Mainstream Cryptocurrency Treasury (DAT) company mNAV across 1: Strategy drops to 0.937, Bitmine drops to 0.83

2 hours ago

On November 18th, the mainstream crypto treasury (DAT) company mNAV all dropped below 1. These include: The Strategy (MSTR) has an mNAV (Enterprise Value to Bitcoin Holdings Value ratio) which is currently at 0.937. The market value of Strategy has decreased to $56 billion, and its current holdings of 649,870 BTC are valued at $59.9 billion. The mNAV of Metaplanet is currently at 0.912. The market value of Metaplanet has fallen to $2.61 billion, and its current holdings of 30,823 BTC are valued at $2.84 billion. Bitmine (BMNR) ranks first in Ethereum institutional holdings and is currently holding about 3.51 million ETH, which is approximately valued at $10.63 billion. Its market value has dropped to $8.81 billion, and the mNAV is currently at 0.83. SharpLink (SBET) ranks second in Ethereum institutional holdings and is currently holding 860,000 ETH, which is approximately valued at $2.61 billion. Its market value is $2.02 billion. The mNAV is currently at 0.84.
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A Whale with a $263 Million Position Faces Liquidation, with Unrealized Losses of $65.49 Million

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A certain SOL Whale's Short Position is currently up $14.75 million, with a position value of approximately $52.39 million.

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Trader Eugene: Has Increased ETH and SOL Long Positions

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Bitcoin Falls Below $91,000

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Arthur Hayes: Bitcoin Could Dip to $80-85K First, Then Rally to $200-250K by End of Year

On November 18th, Arthur Hayes, the co-founder of BitMEX, stated in his latest blog post titled "Snow Forecast" that "Bitcoin dropped from $125,000 to around the $90,000 range. Meanwhile, the S&P 500 and Nasdaq 100 indices are still staying at historical highs. This makes me think that a credit event may be on the verge of brewing. This view was confirmed when I noticed the decline in the U.S. dollar liquidity index since July. If the assessment is correct, the stock market may undergo a 10%-20% correction, and the 10-year U.S. Treasury yield is likely to approach 5%. This will force the Federal Reserve, the Treasury Department, or other U.S. government agencies to urgently implement some form of money printing scheme. During this soft period, Bitcoin may drop to $80,000 to $85,000. If a more widespread risk market collapse occurs and the Federal Reserve and the Treasury Department accelerate money printing actions, Bitcoin could rise to $200,000 to $250,000 by the end of the year."

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Uniswap Founder: "Proposal for Uniswap Fee Switch Launch" Temperature Check Vote Submitted

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