分析:ETH 看跌形态指向 1600 美元,BitMine 浮亏或超百亿美元

ChainCatcher 消息,随着以太坊持续走弱,Tom Lee 旗下 BitMine 的 ETH 储备账面浮亏已扩大至约 73.5 亿美元。数据显示,ETH 较 2025 年 10 月约 4955 美元高点已下跌超过 57%,其市场占有率(ETH Dominance)也从约 15% 下滑至约 10%。BitMine 自 2025 年 7 月启动 ETH 储备战略,在完成 2.5 亿美元私募融资后持续加仓。最新数据显示,其当前持有约 528 万枚 ETH,占以太坊总供应量约 4.37%,已成为全球最大的上市 ETH 储备公司。
尽管浮亏持续扩大,Tom Lee 仍坚持长期增持策略。BitMine 曾表示将适度放缓购币节奏,但不会放弃 ETH 储备计划,并预计在今年 12 月前持有以太坊总供应量的 5%。不过,技术面风险仍在加剧。分析指出,ETH 当前正处于典型“上升楔形”看跌结构下沿附近,若有效跌破支撑,价格或进一步下探至 1600 美元区域,较当前水平仍有约 25% 下跌空间。若该情景发生,按 BitMine 平均约 3513 美元持仓成本测算,其 ETH 持仓未实现亏损或进一步扩大至约 101 亿美元。
与此同时,市场情绪也持续恶化。链上数据平台 Santiment 显示,ETH 社交媒体多空评论比已从 4 月底超过 2:1 快速下降至接近 1:1。分析称,越来越多交易者开始将 ETH 视为“Dead Money(缺乏上涨动能的资产)”。
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