BitMine Immersion Technologies · BMNR
equityTechnology
Last updated: February 26, 2026
BitMine Immersion Technologies is in a confirmed downtrend. The Trend & Momentum Score has dropped to 19/100, with price below all major moving averages and momentum indicators confirming the move lower. Flow data adds a note of caution — the Flow & Accumulation Score at 37/100 indicates capital is leaving. The Risk Profile Score sits at 70/100, reflecting a reasonable return-to-risk balance.
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Where is money flowing?
VWAP: Below 50d ($26.47) and 200d ($41.36)
Capital is leaving BitMine Immersion Technologies. The Flow & Accumulation Score reads 37/100, indicating distribution — selling pressure is outweighing buying pressure over the measurement period. The 20-day Chaikin Money Flow reads -0.08, marginally negative over the measurement period.
What is the trend?
| MA Period | Value | Price vs MA | Distance |
|---|---|---|---|
| 10-day | 20.14 | Above | +1.5% |
| 21-day | 21.28 | Below | -4.0% |
| 50-day | 26.37 | Below | -22.5% |
| 100-day | 34.50 | Below | -40.8% |
| 200-day | 35.43 | Below | -42.3% |
BitMine Immersion Technologies is in a confirmed downtrend. The Trend & Momentum Score sits at just 19/100, with price below all major moving averages in bearish alignment. Price is 42.3% below the 200-day moving average — a deep deviation from the long-term mean that reflects persistent selling pressure.
Is momentum building or fading?
Short-term momentum is picking up against a negative longer-term backdrop. The 10-day rate of change reads 5.0% while the 63-day sits at -34.3% — a potential early signal of a momentum shift. RSI at 42 reflects bearish momentum, though not yet at extreme levels — selling pressure is present but has not reached exhaustion.
How extended is this move?
Price is 22.5% below the 50-day moving average, in the 23rd percentile of its historical range — meaning the asset is more stretched to the downside than it usually gets. Bollinger Band %B at 0.45 places price near the middle of its recent range — neither stretched to the upside nor oversold to the downside. Bollinger Bandwidth at 0.401 shows expanded volatility — the asset is making larger-than-normal moves. High bandwidth typically follows a breakout or breakdown and can persist during trending moves.
Where are the key levels?
$18.86 – $22.46
$3.46 – $4.38
The nearest support reference is $3.5 — $4.4, 81% below — major swing at $3.92. Overhead, a strong resistance cluster at $19 — $22 (2% above) needs to clear — intermediate swing at $22, high-volume node at $19, high-volume node at $21, SMA-10 at $20, and 1 other signal. The volume Point of Control over the past year sits at $31, where the most trading activity occurred — a significant level if price revisits that area. The 52-week high at $161 sits 688% above, with price at the 13% mark of its annual range.
How does this compare?
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What risk am I taking?
The risk-return profile of BitMine Immersion Technologies is good. The Risk Profile Score reads 70/100 — the return adequately compensates for the risk involved, with no major red flags in the drawdown or volatility metrics. The 1-year Sortino Ratio of 6.1 is strong — returns have been well above what the downside volatility would justify. Maximum drawdown over the past year was -87.1%, indicating the losses, when they came, were contained. Beta of 1.34 means BitMine Immersion Technologies moves somewhat more than the market — modestly higher sensitivity to broad market swings. Daily volatility (21-day) is 115.8%.
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Direction Assessment
Confirmed uptrend with capital inflow
Uptrend without volume support
Capital flowing in, trend not yet established
Downtrend with capital outflow
Good risk/reward. Standard positioning appropriate.
The combined signal is weak. Both trend (19/100) and flow (37/100) confirm bearish conditions — the asset is trending down with capital leaving. The Risk Profile Score at 70/100 provides at least some floor — while the directional picture is poor, the risk metrics are not as severe as the trend and flow would suggest.
Conclusion
Across the framework, BitMine Immersion Technologies is in a weak position. Trend, flow, and momentum are aligned to the downside — the data does not currently support a bullish stance. No single indicator is at an extreme — the readings are within normal ranges across the framework, which itself is informative. These scores update daily as new data arrives. Flipside does not predict what happens next — it shows what is happening now, grounded in the data.