ETH is propped up only by Tom Lee buying; once he slows, it converges far lower toward fair value.
Solana has no marginal buyer like Tom Lee, so it trades weaker than ETH and falls.
Bitmine is just buying ETH funded by stock issuance; chart looks terrible and unwinds when ETH falls.
MSTR risks MSCI delisting on Jan 15 forcing ~$1B of forced selling and breaking MNAV below 1.