What is the real story behind the rumor that "ABTC plummeted 94%"?

Where does the 94% figure come from?

@MaxCrypto posted a tweet saying that ABTC turned $10,000 into $600 in seven months—meaning a 94% drop. Fear was already high (the fear index is up to 9), and the tweet got 618k views and 10k likes.

But I checked the actual data: ABTC went from an August 2025 peak of about $112k to around $59k now—down roughly 47-50%. That’s far off from 94%.

What’s strange is that although engagement is huge, almost nobody digs into it. No one links it to the “Trump-crypto” narrative, and there aren’t any substantive replies. In the same period, BTC has been ranging around $66k, while American Bitcoin (ABTC) is already running about 89k units of ASIC. The treasury holds about 6,900 BTC (roughly $462 million).

Some people (like Davinci Jeremie) also speculate that the Trump family might be suppressing the price to buy low, but there’s no evidence to be found on-chain. The real impact of claims like this may be to make people more vigilant about “politically linked assets,” with capital tending to diversify its allocation across several mining companies.

• High views don’t equal capital behavior: In the mining-company sector, there’s no sign of position rotation, and BTC correlation hasn’t shown any abnormal change. This looks more like “engagement farming” than any real research conclusion.
• My take: Fear has been persistent for 7 days, but I haven’t seen signs of allocation-style trades. If Bitmain’s investigation lands smoothly, the probability of a near-term ABTC rebound is about 60-70%; of course, there’s still a chance that political risk escalates, and that needs to be hedged.
• What to watch: Disclosures from NASDAQ about treasury expansion. These hard facts will matter far more for sentiment and pricing than Twitter traffic.

The Bitmain investigation is the core issue

Eric Trump said externally that their family earned about $1 billion through TRUMP meme coin, NFTs, and World Liberty. At the same time, ABTC’s share price is under pressure. What the market is truly worried about is Senator Warren’s security review of Bitmain—ABTC previously spent about $314 million to purchase related mining machines, involving “hardware spy” risk.

This pulls ABTC into the U.S.-China hardware power struggle—it’s not just a simple “valuation correction” for mining companies. Reports indicate that “Operation Red Sunset” hasn’t been fully resolved, continuing to weigh on sentiment. Looking across the board, BCH (down -5.8%)—the biggest laggard that day—didn’t show any “ABTC-specific contagion effect.”

The overlooked variables are the treasury and hashrate: ABTC holds about 6,900 BTC, so during the risk-mitigation phase it has a “bitcoin proxy exposure” attribute. Long-term holders, if they’re not distracted by short-term noise, could perform well when fear drops. Hashrate expansion to about 28.1 EH/s suggests things are fine on the operations side.

Key point: That tweet is just emotional noise that ignores what actually matters—treasury, hashrate, and the timing of compliance disclosures. If you’re already fleeing because of rumor-driven panic, it’s probably too late; if you’re setting up around treasury elasticity and disclosure turning points, it might still be early—but it’s closer to a reasonable risk-reward ratio.

Conclusion: The reaction to the “94% crash” is already late; a rebound trade driven by treasury and disclosure catalysts is still early. At this stage, people who are good at fundamentals and information-flow monitoring have the advantage; short-term traders should wait for disclosures and on-chain confirmations, and long-term holders should stay patient and hedge properly.