Here’s a sobering statistic: The world’s largest Ethereum treasury company, Bitmine, holds 3.86 million ETH, with a cost basis stuck at $3,925. What’s the current situation? Their unrealized losses have soared straight to $3.095 billion.

Let’s look back at my previous assessment—I suggested building positions at $1,400. Looking at it now, this analysis might have accidentally outperformed even Wall Street’s professional institutions. Sometimes the market really is this surreal—the data is there, and it’s hard to say who will have the last laugh.