Traded ValueA South Korean funeral firm reportedly lost $33M on a $BitMine Immersion Tech(BMNR.US), highlighting speculative retail frenzy, especially in Korea, including leveraged products.
Broader context includes crypto market volatility, ETH price pressure (oil prices cited as a headwind by Tom Lee), and positive regulatory mentions (CLARITY Act). Earlier in May, buys had slowed: 74% cut one week.
Stories like the Korean funeral firm loss highlight speculative froth, which often leads to sharp corrections when sentiment turns.
@Bridge Buzz SG
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