Plans to short BMNR around $26 on the chart: the price bounced off a small pivotal bottom repeatedly, then rose above that level, and has held a small gap since October 6.
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Let's take a look at BMNR, Bitmain Immersion Technologies , which is a holding company for Ethereum.
Tom Lee, the founder of Ethereum, owns more Ethereum than anyone else in the world, even more than the Ethereum Foundation itself , and more than Vitalik. Unless Vitalik has a secret wallet, which I don't know about, and I don't think so.
He has 8,000 recovery phrases in his mind , while Vitalik, the founder of Ethereum, has them. Charles Hoskinson is actually one of the co-founders, as is Gavin Wood, and a group of other co-founders.
This company essentially owns 5% of the total Ethereum and receives a return on its profits. You get the return from mortgaging and insuring the network. I'm monitoring this area here .
We have a small pivotal bottom here. As you can see, the price bounced off this level repeatedly, then rose above it, and now we have a small gap here since October 6th. Therefore, I plan to sell it short at around $26.