A rebound is not good. Bitcoin should be placed at 85200 and take profit on everything first. Set it up early to see if it can rebound up tomorrow daytime and early morning, and then we can continue the pullback.

#CryptoStocksSlipBMNRDownOver4% The crypto-equity market is showing how quickly Bitcoin momentum can travel beyond the spot market. As Bitcoin pulled back from the $87K area on September 24, crypto-linked equities also came under pressure. BMNR was reported lower by around 4.52%, while Strategy (MSTR) declined roughly 3.07%. But the real story is not simply that crypto stocks fell. It is the relationship between crypto prices, treasury-company balance sheets, equity valuations, and broader market liquidity. When Bitcoin rallies aggressively, companies with significant digital-asset exposure can attract additional demand because investors are effectively gaining indirect exposure to the underlying crypto market through publicly traded equities. But that relationship can work in reverse when momentum weakens. BMNR provides one of the clearest examples. BitMine Immersion Technologies has built a balance sheet heavily concentrated in Ethereum. Its September 21 disclosure showed approximately 5.98M ETH, equivalent to around 4.9% of total ETH supply, alongside 212 BTC and approximately $714M in cash and marketable securities. Its combined crypto, cash, securities and other holdings were reported at approximately $17.1B. That structure means BMNR can react strongly to movements in the broader crypto market, particularly Ethereum. Investors are not only evaluating the company as a traditional operating business — they are also assessing the value of its substantial digital-asset holdings and the premium or discount attached to the equity. Strategy creates a similar mechanism through Bitcoin. Recent reporting showed Strategy purchasing another 950 BTC for approximately $75.7M, bringing its reported Bitcoin holdings to around 846,000 BTC. That makes MSTR highly sensitive to Bitcoin price movements, but the connection goes beyond the market value of its holdings. Investor expectations around future Bitcoin purchases, financing conditions, capital availability, and the premium assigned to the company's equity can all influence the stock simultaneously. This is why crypto equities can sometimes move more aggressively than Bitcoin itself. During the recent September rally, Bitcoin moved above $85K and then $86K, while crypto-linked stocks followed. Strategy gained roughly 9% earlier in the week, and BMNR climbed around 5.5% as crypto momentum strengthened. The current decline therefore needs to be viewed in the context of that preceding rally. A one-session pullback does not by itself establish a broader market reversal. Instead, traders are watching several signals together. BTC support levels. ETF flows. Crypto-equity volume. Treasury yields. Broader equity-market breadth. And the premium or discount at which treasury companies trade relative to their underlying assets. Interest rates add another layer to the equation. The September 24 market backdrop included the 10-year Treasury yield above 5%. Higher yields can increase competition for capital and put additional pressure on higher-beta assets, including crypto-related equities. Investors are effectively comparing volatile digital-asset exposure with increasingly attractive yields available elsewhere in the market. That creates a powerful transmission chain: BTC weakness → crypto-equity pressure → greater sensitivity to liquidity and rates. But the same mechanism can operate in reverse. If Bitcoin stabilizes and ETF demand strengthens, high-beta crypto equities can respond rapidly. If BTC continues weakening while yields remain elevated, companies with concentrated crypto exposure may experience greater equity volatility. For BMNR, MSTR and crypto miners such as MARA, the next important question is therefore not simply whether the stocks are down today. The key is whether the weakness expands into sustained relative underperformance. Watch BTC direction, trading volume, ETF flows, Treasury yields and the relationship between each company's market valuation and its underlying crypto assets. The broader takeaway is simple: crypto stocks are not merely Bitcoin proxies moving tick-for-tick. Their balance sheets, leverage, financing structures, valuation premiums and underlying digital-asset exposure can amplify both upside momentum and downside pressure. The $4%+ move in BMNR is therefore more than a headline percentage — it is another example of how quickly Bitcoin's momentum can transmit through the wider crypto-equity market. [@Gate_Square](gt://mention/UlVAVVpbAwsO0O0O) $BMNR ‌$MSTR ‌$BTC ‌

#ShareWeekly U.S. Senate Rejects the Clarity Act The U.S. Senate failed to advance the Digital Asset Market Clarity Act, which was supposed to bring clear crypto regulation. This triggered a massive $450 million outflow from spot Bitcoin ETFs in a single day. ETF outflows hit 450M after the Senate dropped the Clarity Act. Without regulatory clarity from Washington, Bitcoin might face short-term volatility. $XRP ‌🤡👍