TechFlow news, November 9: Bitmine's Ethereum treasury has incurred over $1.3 billion in paper losses, with its stock price down 70% from its peak; Strategy (formerly MicroStrategy) holds approximately 641,200 BTC, still showing a paper profit of about $17.8 billion, but its stock price has dropped 56%.
BiyaPay analysts believe the selling climax has not yet arrived. Net outflows from ETFs combined with tightening liquidity could make treasury companies the next trigger point. Be cautious of the high correlation between cryptocurrency prices and related stocks—when crypto rises, stocks rise; when crypto falls, stocks fall. Recently, this linkage has grown increasingly tight. For those concerned about volatility, BiyaPay offers USDT-denominated access to U.S. stocks, Hong Kong stocks, and futures for hedging, as well as zero-fee crypto spot and derivatives trading for risk management.
