BitMines Suffers $3.5B Loss on $15B Ethereum Bet Amid Market Turmoil

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 27 2025

CHEEMS-1.15%

SPX+1.37%

SHIB-3.13%

Should l Buy CHEEMS?

Massive Loss: BitMines' $15 billion bet on Ethereum has resulted in a staggering $3.5 billion loss, causing significant market turbulence and prompting analysts to speculate on a potential relief rally.
Market Reaction: Historical patterns suggest that Ethereum could see a 45% mid-term rebound, providing investors with hope amidst the current bearish sentiment.
Emerging Projects: Apeing has gained traction as a new project, offering investors a chance to secure tokens before broader participation drives prices higher, emphasizing the critical nature of timely decision-making.
Community-Driven Tokens: Tokens like SPX6900 and Cheems are showcasing resilience amid market volatility, demonstrating strong community backing and potential for long-term growth opportunities.

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Technical Analysis for CHEEMS

Technical Sentiment Analysis for Cheems (cheems.pet) (CHEEMS) As of , Cheems (cheems.pet) (CHEEMS) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CHEEMS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, CHEEMS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Cheems (cheems.pet) (CHEEMS) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00000000359	0.000000236	0.000000428	0.000000661	0.000000853	0.00000109	0.00000128
Fibonacci	0.000000236	0.000000399	0.000000499	0.000000661	0.000000824	0.000000924	0.00000109

About CHEEMS

We pay respect to everyone who love Cheems, who has undergone various market dumps, project rugs and collapses in crypto market.Cheems is here for y’all, whether you have lost your house, risked your health, or got fucked by Doge, come to Cheems and gather a crowd, together, we can generate more wealth.Cheems ain’t about pump and dump, Cheems is purely here to remind you people who is the Lord of Memes.$Cheems will give up the permission to control the contract, have no tax income, no team reserves, absolutely no sources of income in anyway, 100% dedicated to the market.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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