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DWF Labs Co-founder Warns Strategy and BitMine May Trigger Crypto's Largest Crash on June 7

GateNews
Market Analysis
BTC1.67%
ETH4.27%
According to BlockBeats, on June 7, DWF Labs co-founder Andrei Grachev warned that Strategy and BitMine carry significant risk of triggering the largest market crash in cryptocurrency history. Strategy, led by Michael Saylor, currently holds 843,706 BTC with an average cost of $75,699, facing unrealized losses of approximately $12.27 billion. BitMine, backed by Tom Lee, holds 5,416,901 ETH with an average cost of $3,500, with unrealized losses around $10.35 billion. Grachev suggested Bitcoin could potentially fall to $10,000-$20,000 in such a scenario.
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ABigHeartvip
· 19h ago
Led by Michael Saylor, Strategy currently holds 843,706 BTC, with an average cost of $75,699, facing an unrealized loss of approximately $12.27 billion. Supported by Tom Lee, BitMine holds 5,416,901 ETH, with an average cost of $3,500, and an unrealized loss of about $10.35 billion.
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