$BTC Coin prices are holding steady, but mining stocks have already crashed.
Here’s a breakdown of the confirmed data this afternoon (Beijing time, October 18):
1. BTC is trading at around 81,600, up just 0.15% over 24 hours, while U.S.-listed mining stocks took a heavy hit across the board: RIOT -11.48%, CLSK -10.16%, MARA -9.60%. Even MSTR fell 9.56%.
2. Interest rates are the driving force: the 10-year U.S. Treasury yield is at 5.08%, and the VIX rose 21% in a single day. Mining stocks are essentially “leveraged BTC with cash flow.” If rates don’t fall, valuations will crumble first.
3. Crypto markets aren’t all that steady either: only around 15% of the top 100 coins are in the green, and the Fear and Greed Index is at 53, down from 61 a week ago.
The two levels I mentioned yesterday are still holding: 82,900 hasn’t been reclaimed, and 80,200 hasn’t been lost. Until the range breaks, treat any rebound as a recovery—not a reversal.
The risk is clear: if yields climb further, mining stocks will amplify their losses before coin prices do. This data is for reference only and does not constitute investment advice.
Here’s a breakdown of the confirmed data this afternoon (Beijing time, October 18):
1. BTC is trading at around 81,600, up just 0.15% over 24 hours, while U.S.-listed mining stocks took a heavy hit across the board: RIOT -11.48%, CLSK -10.16%, MARA -9.60%. Even MSTR fell 9.56%.
2. Interest rates are the driving force: the 10-year U.S. Treasury yield is at 5.08%, and the VIX rose 21% in a single day. Mining stocks are essentially “leveraged BTC with cash flow.” If rates don’t fall, valuations will crumble first.
3. Crypto markets aren’t all that steady either: only around 15% of the top 100 coins are in the green, and the Fear and Greed Index is at 53, down from 61 a week ago.
The two levels I mentioned yesterday are still holding: 82,900 hasn’t been reclaimed, and 80,200 hasn’t been lost. Until the range breaks, treat any rebound as a recovery—not a reversal.
The risk is clear: if yields climb further, mining stocks will amplify their losses before coin prices do. This data is for reference only and does not constitute investment advice.