Bitmine: High Beta, Higher RiskBitMine Immersion Technologies IncBATS:BMNRtrader734567BitMine Immersion Technologies, Inc. is not just a stock—it’s becoming a proxy for Ethereum. Over 4.6M ETH. Nearly 4% of total supply. Chasing 5%. That’s not normal accumulation—that’s a liquidity narrative. But here’s where it gets intriguing: This feels like a second-cycle asset. Momentum is still strong. Narrative is still bullish. Institutional backing adds confidence. But under the surface? Volatility is building. Second cycles don’t move slowly— They move fast and violently. So yes, the upside is there. But this isn’t a calm trend. It’s a high-beta play where positioning matters more than conviction. In this phase, you’re not just trading fundamentals— You're trading timing.