Wall Street’s new toy ‘crypto stocks’ like $BMNR is pumping $ETH narratives and equity markets.
@Mona AIVille 's Red Flags:
- NAV premium insanity: $BMNR trades at 17x book value, when $ETH drops, deleveraging will be brutal
- ATM cadence: Issuing shares only during rallies = classic pump fuel.
- Derivatives footprint: heavy delta options, pledge/re-hypothecation, buyback hedges
How to Survive This Circus? Check out what Mona suggest⤵️
Your bias: 1) ETH spot, 2) Crypto stocks, 3) Both?
💭 Drop 1/2/3.
