Bitcoin traders raise odds of sub-$70,000 Christmas, Bitmine reports $6.3 billion annual net loss, and more
In today's newsletter, bitcoin 'ripe for a squeeze' as traders raise odds of sub-$70,000 Christmas; Bitmine reports $6.3 billion annual net loss as ether falls 44%; and more.
Watchlist
Fresh in the current trading session. Multiple named entities are involved.
Why this matters
Bitcoin is showing up inside the Crypto Treasuries theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on The BlockRelated market context
Bitcoin ‘ripe for a squeeze’ as options traders raise odds of sub-$70,000 Christmas
Bitcoin trades below $74,000 on Wednesday after five weekly losses, with Derive pricing 31% odds of a sub-$70,000 Christmas.
BitMine Reports $6.3 Billion Net Loss as Ether Slump Hits Treasury Strategy
BitMine Immersion Technologies posted a $6.3 billion net loss as Ether fell 44%, with unrealised fair-value losses dominating resu...
Bitmine Reports $6.3B Net Loss as Ether Plunges 44% During Fiscal Year
Bitmine Immersion Technologies reported a $6.23 billion unrealized loss on its cryptocurrency holdings during its 2026 fiscal year...
Derive options traders price 31% odds of Bitcoin falling below $70,000 by Christmas
Increased downside protection and shifting odds reflect growing caution among traders, impacting Bitcoin's short-term market senti...
Bitmine Says Its Controls Are Still Not Effective as ETH Ended the Year $5.4 Billion Below Cost
Bitmine Immersion Technologies (BMNR), the ether treasury company chaired by Tom Lee, told investors its internal controls over fi...
Bitmine posts $6.3B net loss for fiscal 2026 as Ether prices slide
Bitmine booked $6.2 billion in unrealized losses on digital assets. It held 6.07 million ETH on Sunday, or 4.97% of Ether’s supply...