BitMine Tom Lee records significant unrealized losses on Ethereum.

The company BitMine, associated with Tom Lee's investment strategy,

has currently unrealized losses of $ETH amounting to about $6.6 billion.

📌 If these positions are closed, the loss could become

the fifth largest recorded trading loss in history.

📊 For comparison:

• current losses of BitMine are about 66% of the Archegos collapse (2021)

• Archegos Capital Management lost approximately $10 billion at that time

• the cause was excessive leverage and high concentration of positions

📉 The situation highlights a key market risk:

even a long-term bullish thesis

can prove temporarily destructive,

if the position size and leverage

do not match the asset's volatility.

This is not a story about "directional error".

This is a story about risk scale.

The market can be right in the long run.

But margins and liquidity

always decide — here and now.

$ETH