Tom Lee responds to critics targeting BitMine’s $6B unrealized ETH loss — and he’s calling it normal, not a failure.
Here’s the breakdown:
✅ Unrealized losses = expected for long-term treasury strategies
✅ ETH treasuries act like index ETFs — prices fluctuate with the market
✅ Drawdowns ≠ broken plan; it’s the cost of holding a long-term asset
In plain trader terms:
📉 Short-term PnL looks ugly
📈 Long-term positioning stays intact
⚡ Volatility is the price of staying in the game
Why it matters:
ETH treasuries aren’t designed to trade tops & bottoms
They survive cycles, not chase weekly hype
Weak hands panic, treasuries endure
Market takeaway: Red candles aren’t a flaw — they’re part of the strategy.
BTCUSDT
Бесср
69,212.5
-2.83%
BNBUSDT
Бесср
627.39
-2.98%
ETHUSDT
Бесср
2,042.31
-3.86%