$ETH BRUTAL REALITY: Tom Lee’s ETH Bet Is Still Deep in the Red
This one hurts — and the numbers don’t lie. Bitmine is now sitting on roughly -$560 MILLION in unrealized losses, with 243,765 ETH still underwater. Despite months of “buying the dip,” every single ETH purchase since July is down. No exceptions.
That means their average entry is still ABOVE ETH’s current ~$2,300 price, and even last week’s buy failed to provide relief. The latest batch — 41,788 ETH bought around $2,488 — is already bleeding, down -$7.8M unrealized in just days.
This isn’t bad timing — it’s a trend that refuses to reverse. Each dip buy turned into another drawdown as ETH kept sliding lower. No bounce. No momentum shift. Just deeper red.
So here’s the uncomfortable question:
Is this long-term conviction being tested… or is the market proving it doesn’t care who’s buying?
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ETHUSDT
Perp
2,289.8
-2.16%
