Bitcoin (CRYPTO: BTC/USD) mining stocks including Marathon Digital Holdings Inc. (NASDAQ:MARA), Riot Platforms Inc. (NASDAQ:RIOT) and CleanSpark Inc. (NASDAQ:CLSK) are trading down Wednesday as Bitcoin (CRYPTO: BTC) pulls back from recent highs.
The decline comes as broader markets sell off and Bitcoin exchange-traded funds (ETFs) see outflows.
What To Know: On Tuesday, Bitcoin ETFs recorded a net outflow of $79.09 million, ending a seven-day streak of inflows. While BlackRock's ETF saw a small inflow of $42.9 million, ARK Invest's ETF had a large outflow of $134.7 million, contributing significantly to overall market outflows. Bitcoin was down 1.52% over a 24-hour period, hovering around $66,400 at the time of publication.
Traders are becoming more cautious, with some taking profits as Bitcoin struggles to hold recent gains. Market sentiment around Bitcoin appears to have weakened. Analysts believe traders are shifting to a more risk-off approach amid broader market volatility.
According to Illia Otychenko, lead analyst at CEX.IO, open interest in Bitcoin futures has decreased and funding rates have fallen.
"Bitcoin futures have seen a slight correction in open interest, signaling that some traders are unwinding positions," Otychenko said.
The broader selloff in risk assets can be seen in market indices on Wednesday with the the S&P 500 down 1.02% and the tech-heavy Nasdaq leading declines, down more than 1.8% at last check. The upcoming U.S. elections may be adding to uncertainty. Markets tend to experience periods of elevated volatility around U.S. presidential elections.
Other crypto-linked stocks like MicroStrategy Inc (NASDAQ:MSTR) and Coinbase Global Inc (NASDAQ:COIN) were also seeing heavy selling pressure at the time of writing.
Marathon Digital, Riot Platforms and CleanSpark are all expected to report earnings in the coming weeks. Riot will be the first of the group to report with earnings expected after the market close on Oct. 30.
Price Action: At publication time, shares of Marathon Digital were down 5.22% at $17.99, Riot Platforms shares were down 2.82% at $9.635 and CleanSpark shares were down 5.4% at $11.57, according to Benzinga Pro.
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比特幣（CRYPTO: btc/usd）礦業股票，包括馬拉松數字控股公司（納斯達克股票代碼：MARA）、暴動平台公司（納斯達克股票代碼：RIOT）和cleanspark公司（納斯達克股票代碼：CLSK），週三交易下跌，因比特幣（CRYPTO: btc）從最近的高位回落。
下跌是因爲更廣泛的市場拋售和比特幣交易所交易基金（etf）出現流出。
需要知道的是：週二，比特幣etf記錄了7909萬美元的淨流出，結束了爲期七天的流入。 雖然貝萊德的etf看到了4290萬美元的小額流入，ARK Invest的etf出現了13470萬美元的大額流出，對整體市場流出產生了重大影響。 比特幣在24小時內下跌了1.52%，在發表時維持在66400美元左右。
交易員變得更加謹慎，一些人在比特幣難以保持最近的收益時獲利了。 市場情緒 比特幣周圍的波動似乎有所減弱。分析師認爲，交易員在更廣泛的市場波動中轉向更謹慎的策略。
CEX.IO首席分析師伊利亞·奧蒂琴科表示，比特幣期貨市場的持倉量減少，資金費率下降。
「比特幣期貨的持倉量出現了輕微的修正，這表明一些交易員正在減倉，」奧蒂琴科說。
週三，風險資產的更廣泛拋售可以在市場指數中看到，標普500指數下跌了1.02%，以科技股爲重心的納斯達克指數在最新數據中下跌了超過1.8%。 即將到來的美國大選可能增加了不確定性。 在美國總統大選周圍，市場往往會經歷高波動時期。
其他與加密貨幣相關的股票，如microstrategy公司（納斯達克股票代碼：MSTR）和coinbase global公司（納斯達克股票代碼：COIN）， 在撰寫時也受到了沉重的拋售壓力。
礦池數字、riot平台和cleanspark 都預計在未來幾周內公佈收益。riot 將是首個發佈收益的公司，預計在10月30日市場收盤後公佈收益。
股價走勢：在發佈時，礦池數字的股價下跌5.22%，至17.99美元，riot平台的股價下跌2.82%，至9.635美元，cleanspark的股價下跌5.4%，至11.57美元，數據來源：Benzinga Pro。
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照片來自：Unsplash。
