--- title: "BMNR Extreme Value Deduction 3.10" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/39168458.md" description: "Although there was macro volatility last week, the overall crypto market showed unique resilience. ETH displayed strong support at 1.9k, and the BMNR premium remained stable in the 0.95~1 range, with no further discount even when ETH fell further. With the G7 releasing crude oil reserves yesterday, the risk of oil shortage has temporarily eased. ETH quickly rebounded to 2k+, and the BMNR premium also recovered to 1+. I believe that both ETH and BMNR are currently in a bottoming phase, which reflects more negative macro risks..." datetime: "2026-03-10T06:07:45.000Z" locales: - [en](https://longbridge.com/en/topics/39168458.md) - [zh-CN](https://longbridge.com/zh-CN/topics/39168458.md) - [zh-HK](https://longbridge.com/zh-HK/topics/39168458.md) author: "[lyhalfway](https://longbridge.com/en/profiles/3372973.md)" --- # BMNR Extreme Value Deduction 3.10 Although there was macro volatility last week, the crypto market showed unique resilience, with ETH displaying strong support at 1.9k, and the BMNR premium also stabilized in the 0.95-1 range, with no further discount even as ETH fell further. With the G7 releasing oil reserves yesterday, the risk of oil shortage eased temporarily, and ETH quickly rebounded to 2k+, with the BMNR premium also recovering to 1+. I believe that both ETH and BMNR are currently in a bottoming phase, as evidenced by the fact that even with more negative macro crises, ETH did not fall to the previous low of 1.7k. The explicit encouragement for crypto and blockchain in the Cyber Strategy and the White House's firm support for the Clear Act are both signs of gradually normalizing regulation. The current position is like a spring compressed into a very tight range, with limited downside but accumulating upside potential. This Monday, BMNR updated its coin accumulation progress, holding 4.53 million coins, with an increase of 60,000 last week. The cash position increased to 1.2 billion, and mNAV recovered from last week's low of 0.95 to 1.01. Tom Lee believes that ETH's current trend is similar to the S&P 500's sharp declines in 2011 and 1987, with correlations of 89% and 93% respectively. If this trend continues, ETH will likely bottom out and rebound within the next week. Therefore, Tom aggressively raised funds last week, increasing the fixed investment from 50,000 to 60,000 and raising the cash position to a record high of 1.2 billion to prepare for a possible final dip. Meanwhile, the staking amount remains at 3.04 million, with no new additions for a month. I speculate that we are in the final stage before MAVAN's official launch. The current staking ratio has reached 67%, and the remaining ETH might only be staked after MAVAN officially launches. The current market still follows the broader trend; ETH's trend is BMNR's trend. We continue to postpone projecting extreme ranges and lie flat, following ETH's fluctuations. Not investment advice. ### Related Stocks - [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md) - [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md) ## Comments (14) - **了不起的不凡 · 2026-03-13T07:03:23.000Z**: I'd like to ask Uncle Yaren, does Tom Lee's comparison of the current trend with the previous S&P 500 seem a bit like "seeking a sword from a boat's mark" (missing the point due to changed circumstances)? 🤔 - **lyhalfway** (2026-03-13T09:16:00.000Z): There is a bit, but as a macro analyst, it's about finding various pieces of evidence from historical trends to support the argument. - **luckystars · 2026-03-10T14:22:51.000Z**: Recently, I've clearly felt that ETH has become much less volatile compared to BTC. I've added a little bit back that I sold at the previous high, waiting for the dawn to arrive. - **不断学习，不断进步。 · 2026-03-10T09:46:48.000Z**: Boss, what did you buy in the Hong Kong stock market? - **顺心财来 · 2026-03-10T07:50:13.000Z**: Can we average down on Bitcoin now? - **风风 · 2026-03-10T07:40:55.000Z**: First, the gap was filled at 18.88, I'll consider adding to my position! - **今夜很黑 · 2026-03-10T07:22:38.000Z**: I hope it drops again one more time, I sold too early. - **风风** (2026-03-10T07:45:41.000Z): It will definitely fill the gap at 18.88, don't worry. You can see which time it doesn't fill the gap. - **虾仁 · 2026-03-10T06:40:46.000Z**: Go all in, add to winning positions, technical analysis, frequent trading, bound to gain momentum, beautiful! - **争取保住本金** (2026-03-10T07:09:48.000Z): Basically good, bound to succeed sooner or later🤣 - **A股不行还有P股** (2026-03-10T14:26:07.000Z): Not ruling out the rooftop - **争取保住本金 · 2026-03-10T06:34:01.000Z · 👍 1**: Hearing it put that way, I'm actually a bit looking forward to the "final drop"🤩🤩🤩 - **2k · 2026-03-10T06:21:59.000Z**: G7 has not released crude oil reserves, and is in the "preparation phase". - **lyhalfway** (2026-03-10T06:25:25.000Z): The market prices in expectations.