---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/37220715.md"
description: "Recently, ETH has been falling along with the broader market. When will it hit the bottom? I think there is one indicator that can be used as a reference, which is the cash position retained by BMNR.Since November 24, BMNR's weekly cash position has hit new highs: November 24 - 800 million -> December 1 - 882 million -> December 8 - 1 billion -> December 15 - 1 billion. The cash position can be interpreted as BMNR's reserve funds to ensure they have capital for hoarding coins even if ETH is at a low level and mNAV is unfavorable for financing.So if BMNR uses cash to hoard coins this week, it can prove that, in Tom DeMark's view, ETH has reached a short-term reversal moment. The specifics can be seen in next Monday's update.$BitMine Immersion Tech(BMNR.US)$IShares Ethereum Trust ETF(ETHA.US)"
datetime: "2025-12-18T02:16:44.000Z"
locales:
  - [en](https://longbridge.com/en/topics/37220715.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/37220715.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/37220715.md)
author: "[lyhalfway](https://longbridge.com/en/profiles/3372973.md)"
---

# Recently, ETH has been falling along with the broa…


### Related Stocks

- [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md)
- [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md)
- [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md)

## Comments (14)

- **johnytl · 2025-12-18T03:10:14.000Z · 👍 1**: Where can I see the cash amount?
  - **lyhalfway** (2025-12-18T03:29:00.000Z): Company announcements every Monday
  - **johnytl** (2025-12-18T03:50:37.000Z): Thank you
- **rechenhh · 2025-12-18T02:33:30.000Z**: Who is de mark
  - **lyhalfway** (2025-12-18T02:36:12.000Z): The person who discovered "Magic Nine Turns"
  - **rechenhh** (2025-12-18T03:08:08.000Z): Thanks for the answer🤓
- **ONE-6.12 · 2025-12-18T02:21:57.000Z · 👍 2**: Another best opportunity to buy the dip🤓
  - **lyhalfway** (2025-12-18T02:23:49.000Z): Now mNAV 1.05, it's really not expensive
  - **ONE-6.12** (2025-12-18T02:26:04.000Z): As long as you are not greedy and control your position well, gradually buy in batches near 29; keep the base position unchanged. After 2-3 consecutive cycles, the cost will be very low🤪
  - **lyhalfway** (2025-12-18T02:28:30.000Z): Well, my recent realization is not to try to predict where the bottom is, but to confirm where the bottom is by observing the behavior of those with information advantage (Tom Lee/DeMark).