Bitcoin Miners Get Richer, But Will BTC Turn into a Beggar? You Won’t Believe What Happens!

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  • Much like a feverish cat darting under the sofa, Bitcoin has parted ways with mining stocks—traditionally a harbinger of wild, theatrical drama in the price department.
  • Miners, those mysterious industrialists, might either clutch their BTC as tightly as Woland’s cat holds a sardine, leading to a rally—or sell everything and send us right to $106K, where only the bravest souls dare vacation.

Institutional adoption of Bitcoin [BTC] now resembles a Moscow tram at rush hour: packed, noisy, and oddly exhilarating.
Mining companies, meanwhile, are filling their pockets with gold (well, BTC). Their stocks are running so far ahead that even Ivan Bezdomny would struggle to catch them.

But as any wise devil knows, too much good fortune is suspicious. Could this be a devilish trap for Bitcoin? Ho-ho, let’s find out! 🐾

Iris Energy: The Electrified Hare

Alphractal (clearly not a character out of the Patriarch’s Ponds, but who can say) tells us crypto mining stocks now outpace Bitcoin with all the subtlety of Margarita on a broomstick. While the noble Bitcoin idles near $108K, mining stocks are staging the kind of performance that gets you a standing ovation. 

The belle of this fevered ball? Iris Energy [IREN], whose market cap ballooned from $1.2 billion to over $4 billion. That sort of number makes even the Master blink twice… and call his accountant.

Google Finance chimes in—IREN at $16.95 as of 7th July, a 72.61% sprint this year. After-hours trading, just because they can, tickled $17.08. For reference, that’s more digits than Woland’s retinue at a full moon party.

Bitdeer Technologies leapt 53% to $13.30, while its cap doubled, tripled, and then some, like a conjuror with an overzealous rabbit.

And even Mara Holdings—clearly recovering from some existential angst—rose nearly 10% in five days. Applause from the gallery! 🎩

The fever among miner stocks suggests institutions can’t get enough of this crypto-cabaret. The audience is definitely in, but are they prepared for the next act?

Bitcoin & Miners: A Family Quarrel

The plot thickens. Like true Muscovites after a philosophical disagreement, BTC’s price and miners’ market cap are no longer taking the same tram.

This split—a historical favorite at all major market orgies—lets us know to expect chaos. Miners are market whisperers, sitting atop piles of coins that would make Bulgakov’s Professor Preobrazhensky reach for the aspirin.

Miners: Hodlers of the Apocalypse

What’s this? The miners, flush with stock riches, aren’t selling their actual Bitcoins. Perhaps they’re saving for a new moonlit ball?

Their reserves now overflow at 1.8 million BTC: roughly $195.5 billion. Frankly, Satan himself would be tempted to short the dollar at this point.

CryptoQuant notes: Miner Outflow plunges to a one-month low—just about 1K BTC. Miners, it seems, are not in the mood for distribution.
Heaven help us if they get bored.

With fewer coins heading to market, the price pressure eases. Instead of coins flooding the exchanges, we have a gentle trickle. The bulls bray, the bears sigh, and the audience eats sunflower seeds.

Will the Curtain Rise or Fall for BTC?

Should miners keep hoarding, BTC might regain its dramatic flair and stride confidently toward $110K, perhaps waving its hat to the crowd.
But if they decide to liquidate… let’s just say the trapdoor opens at $106K, and you might want to pack your parachute. 🎭

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2025-07-08 15:13