Number Monkey said:
Anyone understand why CLSK is down so much today while BTC is up? Seems weird...
Miners have been underperforming since the beginning of the year. It's why I'm bullish, yet conservatively so and willing to bail the second something doesn't smell right. I think you are starting to see the effect of debt accumulation, share dilution, cost and difficulty of mining since the halving, and the big one..
Miners are no longer the only way to play BTC in the standard equity markets. MSTR is a BTC proxy now. You also have the ETF's. I would wager that the underperformance is directly tied to that. There's been a rotation out of miners and into more direct proxies.