Why has the market started eyeing mining stocks again?
Put simply, it’s still fixated on $BTC himself.
Over the past couple of days, those mining companies in the U.S. market that were previously looked down upon suddenly surged one after another, rising even more sharply than many AI-related plays.
It’s not that they learned how to tell new stories overnight—it’s that $BTC bounced up 23% from a low level, and that immediately brought back the question of “which is the most sensitive shell to $BTC ’s moves,” prompting a fresh reassessment.
I just flipped through the order book for about ten minutes. $BTC is now around 80384, with the 24-hour high touching 80799 and the low at 77858.
This room for movement isn’t that outrageous—the scary part is the trading heat.
Spot volume in the last 24 hours is $1.3 billion, while the contracts have traded up to $12.9 billion—roughly 10 times.
But the funding rate is only +0.0072%, not hot enough to be sizzling.
It feels like a bunch of people still don’t believe it with their mouths, but their hands have already reached in.
When mining stocks get targeted at times like this, the logic is crude—but it works.
Once the coin price lifts, the market will immediately go looking for “shells that are most sensitive to $BTC ’s volatility.”
Holding spot is too slow, so many people go check mining company stocks instead, thinking those things jump harder and are more exciting.
Earlier on, mining companies kept talking about switching to AI and computing power, and the market got tired of hearing it.
Now that $BTC has come back to life, everyone realizes that the most valuable label is still the one saying “it’s tied to the coin price tightly enough.”
I’m not blindly chasing either.
Open contract positions still show 107806 lots of $BTC , which suggests there are plenty of people on the ride.
If later it relies only on contracts propping each other up, while spot can’t catch the move, then those mining-stock names that ran too fast would also fall back very badly.
My stance is very clear: I’m moderately bullish on the idea that “mining stocks are being seen again by funds,” but I only trust the ones that move in sync with $BTC ’s strength—not the back-row ones that fly around randomly.
If you ask whether I’d chase those that have already rocketed up, I wouldn’t.
If it were me, I’d rather watch whether $BTC can hold above 80,000 for two or three days first, and only then see whether this trend line can keep going.
If it can’t hold, don’t get on the train. After all, I’m also paying for my experience with losses.
$BTC #BTC走势分析 #BinanceSquare
I might also be wrong—I’m just making my own judgment.
Put simply, it’s still fixated on $BTC himself.
Over the past couple of days, those mining companies in the U.S. market that were previously looked down upon suddenly surged one after another, rising even more sharply than many AI-related plays.
It’s not that they learned how to tell new stories overnight—it’s that $BTC bounced up 23% from a low level, and that immediately brought back the question of “which is the most sensitive shell to $BTC ’s moves,” prompting a fresh reassessment.
I just flipped through the order book for about ten minutes. $BTC is now around 80384, with the 24-hour high touching 80799 and the low at 77858.
This room for movement isn’t that outrageous—the scary part is the trading heat.
Spot volume in the last 24 hours is $1.3 billion, while the contracts have traded up to $12.9 billion—roughly 10 times.
But the funding rate is only +0.0072%, not hot enough to be sizzling.
It feels like a bunch of people still don’t believe it with their mouths, but their hands have already reached in.
When mining stocks get targeted at times like this, the logic is crude—but it works.
Once the coin price lifts, the market will immediately go looking for “shells that are most sensitive to $BTC ’s volatility.”
Holding spot is too slow, so many people go check mining company stocks instead, thinking those things jump harder and are more exciting.
Earlier on, mining companies kept talking about switching to AI and computing power, and the market got tired of hearing it.
Now that $BTC has come back to life, everyone realizes that the most valuable label is still the one saying “it’s tied to the coin price tightly enough.”
I’m not blindly chasing either.
Open contract positions still show 107806 lots of $BTC , which suggests there are plenty of people on the ride.
If later it relies only on contracts propping each other up, while spot can’t catch the move, then those mining-stock names that ran too fast would also fall back very badly.
My stance is very clear: I’m moderately bullish on the idea that “mining stocks are being seen again by funds,” but I only trust the ones that move in sync with $BTC ’s strength—not the back-row ones that fly around randomly.
If you ask whether I’d chase those that have already rocketed up, I wouldn’t.
If it were me, I’d rather watch whether $BTC can hold above 80,000 for two or three days first, and only then see whether this trend line can keep going.
If it can’t hold, don’t get on the train. After all, I’m also paying for my experience with losses.
$BTC #BTC走势分析 #BinanceSquare
I might also be wrong—I’m just making my own judgment.