2026-01-05 23:22:30

BitMine Immersion is one of the largest enterprise-level ETH holders globally, controlling approximately 3.43% of the Ethereum supply — a figure that is quite eye-catching. The project operates through an NAV (Net Asset Value) mechanism, with the current valuation logic based on a 1.6x NAV premium level.

From a price potential perspective, the targets are quite straightforward:

When ETH reaches $4,000, the target price is about $90; if the price reaches $5,000, it could push to $112; when ETH rises to $6,000, it is expected to break through the $134 level. Behind these numbers are the dual effects of holding advantages and market sentiment.

On the technical side, the price trend shows signs of breaking upward from the support area of trading volume. Such a breakout often signals the start of a new upward cycle, with the specific next move depending on whether trading volume can be maintained and macro market conditions cooperate.

ETH-2,25%

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down_only_larry

· 01-08 22:04

3.43% of holdings? Feels not that impressive. --- Wait, NAV premium of 1.6x can still go higher? I don't quite get this logic. --- Trading volume breaks through, same old story, depends on whether the follow-up can catch up. --- $134 as a target sounds like just drawing a number out of thin air, can it really reach that? --- Holding a lot doesn't necessarily mean it can lead the market up; it also depends on whether the overall market is supportive. --- By the way, is this kind of valuation model really reliable? Feels a bit assumptive. --- Talking about technical breakthroughs every day, but many times it just falls back again.

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CryptoHistoryClass

· 01-08 19:26

ah yes, the classic "linear price projection" playbook. we've seen this movie before—2017, 2021, take your pick. 3.43% eth stash sounds impressive until you realize how many times we've watched mega holders dump on retail euphoria. that 1.6x nav premium? *checks notes* spot on for the peak phase right before capitulation. history doesn't repeat but it sure does rhyme, doesn't it

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defi_detective

· 01-06 14:48

3.43% of ETH supply? This guy's really got a grip on it. Whoa, how exactly is the NAV premium logic calculated? Feels like something's a bit off. Wait, about the technical breakout theory... Can the trading volume really be sustained? Otherwise, it might just be illusionary. Can it really break $134 when it was at $6000? Just hearing it is enough to make me laugh. Holding position advantages are an advantage, but risks definitely exist.

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StableBoi

· 01-05 23:50

Wait, 3.43% of ETH supply? Is this guy for real? I haven't seen this project make any noise before. NAV premium of 1.6x and claiming to reach $134? That sounds a bit suspicious. Can the trading volume really support that? Hold on, why is no one discussing the risks of this project? These numbers look too "perfect," a bit suspicious, my friend. The holding advantage is indeed strong, but it feels a bit like hype-driven speculation.

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ApeWithNoFear

· 01-05 23:50

3.43% Tsk Tsk, this holding volume is really starting to strain ETH still needs to rise further now, let's see if the trading volume can hold up I remember the number $134, how about taking a gamble The NAV premium logic sounds good, but it's hard to execute So what if it breaks through, the key is whether it can stay steady afterwards

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GetRichLeek

· 01-05 23:38

Whoa, a 3.43% holding? How many ETH does that even take... Already pre-positioned, for sure.

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ZKProofEnthusiast

· 01-05 23:32

3.43% of ETH supply, this move is really aggressive ETH needs to rise to 6000 to see 134, feels a bit unlikely Without sufficient volume, everything is pointless

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Layer3Dreamer

· 01-05 23:28

theoretically speaking, if we map the NAV mechanism through a recursive verification lens... the 1.6x premium actually mirrors cross-rollup state compression dynamics. 3.43% ETH supply concentration is wild, ngl—reminds me of Vitalik's paper on validator centralization risks, specifically how capital aggregation affects decentralization vectors.

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