Bitmine recorded a net annual loss of $6.3 billion, while traders are raising the odds that Bitcoin will be below $70,000 at Christmas. $BTC 📊

Why exactly $70,000?

Because it’s the level traders are currently tying to the holiday scenario, not a confirmed closing level.

And what does Bitmine’s big loss mean?

A loss of this size at a mining-linked company puts pressure on the sector, but it doesn’t determine the price direction on its own.

Is this confirmation of a downtrend?

No. Traders’ odds are just probabilities, and if the price stays below $70,000 over the holidays, the market may become more sensitive to negative news.

Bottom line: Watch $70,000 as a gauge of holiday sentiment, not as a promise of a particular direction.

Where do you expect Bitcoin’s price to be on Christmas? 👇

#Bitcoin #Mining

This content is for informational purposes only and is not financial advice.

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