I think this is part of it but I also think the miners got overbought with the first run up to $59K. Now that the run in BTC has decelerated we're seeing more reasonable prices in the miners. They experienced some FOMO the first time at these levels that they aren't experiencing right now. IMO we see some of that return if BTC breaks through $60K and begins to run again.Rice and Fries said:ag94whoop said:and yet miraculously SINO, SOS, and NXTD are at their lowest points in weeks/monthsRice and Fries said:
BTC has bounced back nicely from that little dip recently.
somehow virtually none of the miners are tracking BTC anymore. Even RIOT is barely over $51 when BTC breaks $59k.
Like others have mentioned, I think it's because they track both BTC and Tech. So it's gotta be 2/2 for them to ride in sync. Definitely frustrating though...
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