Bitmain Immersion Technologies has recently been significantly increasing its Ethereum accumulation pace. Just last week, they purchased over 100k ETH, marking the fastest accumulation rate since December 2025. Currently, BMNR's Ethereum holdings are approaching nearly 5 million ETH. Specifically, about 4.98 million ETH, which accounts for over 4% of the total Ethereum supply. Notably, most of this, around 3.33 million ETH, is staked, locking up assets worth approximately $7.7 billion at current ETH prices. Looking at Bitmain Immersion Technologies' total cryptocurrency assets, the figures become even more interesting, with combined cash and high-risk investments totaling nearly $13 billion. This includes about $100 million in cash, roughly 200 Bitcoin, and equity investments in other companies worth around $300 million. A particularly noteworthy point is that Bitmain Immersion Technologies continues to pursue a strategy to secure 5% of the Ethereum supply through its own MAVAN staking platform. Given the current trend, they are getting quite close to reaching this goal.

Recently reviewed a detailed analysis report on Bitcoin's future, discovering that some predictions have already become history, while others are still fermenting. This time last year, market sentiment toward Bitcoin was indeed very optimistic. At that time, analysts generally predicted it could reach $150,000 to $225k by the end of 2025, with some even calling for $200k. So what’s the result? Now it’s mid-2026, and Bitcoin’s price hovers around $81k, down 22.5% over the past year. This stark contrast is definitely worth deep reflection. Looking back, 2024 was indeed a turning point for Bitcoin. ETF approvals, halving, Trump’s election... these factors once pushed BTC past the $100k mark, even reaching a historical high of $126k. The narrative at the time was very enticing—institutions rushing in, governments building strategic reserves, a bright future ahead. But ultimately, the market gave a cold answer. My current view on Bitcoin’s future is: short-term volatility will still be significant, but the long-term logic remains valid. Limited supply (capped at 21 million), increasing institutional holdings (MicroStrategy, BlackRock ETFs, etc.), these are supporting factors. However, the macro environment has indeed changed—interest rates, inflation, geopolitical tensions—all will influence capital flows. Interestingly, the analysts who predicted a $1 million to $1.5 million price by 2030 (like Jack Dorsey, Cathie Wood, etc.) still hold the same logic: continuous ETF inflows, increased global adoption, establishment of digital gold status. But looking back from now, this path might be more winding than originally imagined. On the technical side, the Bitcoin ecosystem is also evolving—Layer 2 scaling solutions, staking features, DeFi applications, etc. These innovations are indeed enhancing Bitcoin’s practicality. But competition is intensifying, with Ethereum and Solana’s advantages in programmability still very apparent. For future investors, my advice is: don’t overly trust predictions that are precise to the dollar. Bitcoin’s future depends on too many variables—regulation, macroeconomics, technological progress, institutional attitudes. Do your homework, understand your risk tolerance, and then make decisions. History has shown us that Bitcoin’s volatility is far more complex than any prediction model.

Today’s summary: I made a total of five trades today, and one more is still in my position. I made more than 1w u overall, and things are still pretty good. Late Pan reminded everyone that the short positions are still in hand. I didn’t sleep all day, but hard work pays off—and I also earned quite a bit. Set a stop loss at 82000 and then went to sleep. I’ll check again after I wake up tomorrow. If you really can’t hold on, just take a look. A day of green—aiming to reach 10wu this month! #Gate广场五月交易分享 #比特币波动 $BTC $ETH