According to Huoxun Finance, Ethereum continues to weaken, and the unrealized losses on BitMine's ETH reserves, managed by Tom Lee, have widened to approximately $7.35 billion. ETH has fallen over 57% from its high of approximately $4,955 in October 2025, with its market share declining from approximately 15% to approximately 10%. BitMine launched its ETH reserve strategy in July 2025, continuously increasing its holdings after completing a $250 million private placement. It currently holds approximately 5.28 million ETH, representing about 4.37% of the total Ethereum supply, making it the world's largest listed ETH reserve company. Despite the widening losses, Tom Lee remains committed to a long-term accumulation strategy. BitMine will moderately slow its coin purchases but will not abandon its plan, aiming to hold 5% of the total Ethereum supply by December. Currently, ETH is near the lower edge of a typical "rising wedge" bearish structure. If it breaks below this support, the price may fall to the $1,600 area, representing a further downside of approximately 25% from current levels. Based on BitMine's average holding cost of approximately $3,513, the unrealized losses could further expand to approximately $10.1 billion. According to on-chain data platform Santiment, the ETH social media long/short comment ratio has dropped rapidly from over 2:1 at the end of April to nearly 1:1, with more and more traders viewing ETH as "Dead Money".

According to Huoxun Finance, several researchers in the fields of post-quantum cryptography and blockchain security have pointed out that AI is accelerating the development of quantum computing, which is forcing the crypto industry to re-examine the reliability of existing security systems.

Odaily Planet Daily reports that Michael Saylor, founder and executive chairman of Bitcoin treasury company Strategy, posted on the X platform that this week, instead of buying Bitcoin, ₿itVac is charging.

According to an analysis by Greeks.live, as reported by Odaily Planet Daily, Bitcoin's weekend rebound was boosted by news from the US and Iran. The key point for BTC options this weekend is that the Gamma constraint will weaken after settlement, and the $78,500 level remains a crucial support/resistance level for Bitcoin. In the short term, if BTC holds above $77,000-$78,000, it will likely continue its upward trend with some volatility. If it breaks above $80,000 with significant volume, call options may reignite buying interest. Short-term implied volatility (IV) remains low, and considering the strong expectation of recent volatility, call spreads/put spreads are more suitable for cost control.

Odaily Planet Daily reports that while concerns about war-induced inflation persist, there are signs that other factors are also influencing long-term borrowing costs. In the US, the so-called "real yield," adjusted for inflation, has a greater impact, suggesting that bond investors are worried about more than just price pressures from the Iran war. Other drivers include the potential for further expansion of the already massive public debt burden, the impact of the artificial intelligence investment boom, and the increasing likelihood of interest rate hikes rather than cuts by central banks like the Federal Reserve. Strategists at ING, Goldman Sachs, and Barclays emphasize that a common assumption is that the recent rise in some long-term yields will not be fully reversed even if inflation, triggered by rising oil prices, subsides. This means that even after the conflict ends, market borrowing costs may remain near multi-year highs, continuing to put pressure on governments and the economy. (Jinshi)