BitMine BMNR announced that it holds 1.523373 million ETH, which already accounts for 1.26% of the total supply of Ethereum, meaning it hoarded over 200000 more over the weekend. Based on the latest market value, BMNR's adjusted net asset value (mNAV) is 1.43. The market correction, pessimistic sentiment, and rhetoric suggest that prices do not always rise without falling. The historic adjustment of the previous high point to clear leverage can also impact FOMO sentiment, which may actually be better and healthier for future trends. As mentioned in the previous tweet about the big turnover, economic data has caused concerns among holders, while high prices have led to early investors taking profits. Both of these factors have jointly issued profit taking measures for traders in the market, which is a normal manifestation of short-term price fluctuations. In the medium to long term, it still depends on whether the asset attributes are more solid and whether the process of large-scale adoption (brought about by ETFs, various micro strategies, and future pension/sovereign funds) is still ongoing. As long as the logic of these two points remains unchanged, it is still ongoing. So for us, either patiently holding onto and waiting for the market to adjust, or buying these core assets that are currently being purchased on a large scale in batches at low prices, are both good strategies.