Ethereum News Today: Ethereum’s Sharp Decline Puts DATs’ Accumulation Approach in Jeopardy
- Ethereum's drop below $3,000 triggered a DAT sector crisis, erasing annual gains and exposing risks in corporate ETH accumulation strategies. - BitMine faces $3.7B in unrealized losses as its mNAV ratio fell to 0.77, mirroring 64.3% of DATs trading below asset value amid $2B crypto fund outflows. - Firms like FG Nexus are selling ETH for buybacks, worsening downward pressure while experts warn the $3,000 level tests regulatory adoption progress. - Derivatives data shows 70% probability of Ethereum hittin
Ethereum’s recent slide below the $3,000 threshold has sparked a crisis among digital asset treasury (DAT) companies, wiping out gains made over the past year and revealing weaknesses in the corporate
This downturn came after BitMine’s $170 million ETH acquisition last week, bringing its total stash to 3.56 million ETH (valued at $11.1 billion). Despite this, the company’s stock has tumbled 35% this month,
Bearish sentiment is also evident in the derivatives market, where there is a 70% chance that Ethereum will fall to $2,750 by the end of the year,
Analysts caution that the current market is a major test for DATs’ durability. “The $3,000 mark serves as a benchmark for progress in regulatory and institutional adoption,” said
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