{"id":71344,"date":"2026-02-07T02:01:32","date_gmt":"2026-02-07T02:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=71344"},"modified":"2026-02-07T02:01:32","modified_gmt":"2026-02-07T02:01:32","slug":"mining-stocks-and-asian-markets-hit-as-bitcoin-tumbles-under-65k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=71344","title":{"rendered":"Mining Stocks And Asian Markets Hit As Bitcoin Tumbles Under $65K"},"content":{"rendered":"
\n

Bitcoin\u2019s (BTC) slide below the $65,000 mark this week has rippled far beyond the crypto market, dragging down mining stocks and weighing on Asian equities already under pressure from a global tech sell-off.<\/p>\n

The world\u2019s largest cryptocurrency briefly dipped just above $60,000, its lowest level in about 15 months, before attempting a modest rebound. Even with that recovery, sentiment across digital assets and related equities remains fragile as investors reassess risk in an uncertain macro environment.<\/p>\n

\"Bitcoin<\/p>\n

Whales Retreat As Sentiment Deteriorates<\/strong><\/h2>\n

On-chain data shows a notable shift in Bitcoin ownership during the sell-off. According to Santiment<\/a>, whales and sharks, controlling between 10 and 10,000 BTC, have reduced their share of Bitcoin\u2019s circulating supply to around 68.04%, a nine-month low.<\/p>\n

The large Bitcoin holders have sold roughly 81,000 BTC over the past eight days, coinciding with Bitcoin\u2019s drop from near $90,000 to the mid-$60,000 range.<\/p>\n

Similarly, smaller investors have continued to accumulate. Wallets holding less than 0.1 BTC reached a 20-month high in their share of supply, suggesting retail buyers are stepping in as prices fall.<\/p>\n

Historically, similar patterns, large holders selling into retail demand, have been associated with prolonged bear phases. Reflecting this shift, the Crypto Fear & Greed Index fell to 9 out of 100, its lowest level since mid-2022.<\/p>\n

Mining Stocks Slide Amid Bitcoin Weakness<\/strong><\/h2>\n

The pressure on Bitcoin has translated quickly into losses for crypto-linked equities<\/a>. Shares of major mining firms and Bitcoin proxies such as Marathon Digital, Riot Platforms, Hut 8, and Strategy Inc. posted double-digit declines, with several hitting new 52-week lows.<\/p>\n

Strategy, one of the largest corporate Bitcoin holders, reported a sharply wider quarterly loss as falling prices weighed on the value of its holdings, adding to concerns about balance sheet risk if weakness persists.<\/p>\n

Analysts note that the sell-off in miners has been largely macro-driven rather than tied to company-specific developments, reflecting their role as high-beta bets on Bitcoin\u2019s price.<\/p>\n

Asian Markets Feel The Spillover<\/strong><\/p>\n

Bitcoin\u2019s drop also weighed on Asian markets<\/a>, which were already tracking Wall Street\u2019s losses, led by technology stocks. Equity benchmarks in South Korea, Hong Kong, and Australia declined, while Japan\u2019s Nikkei managed modest gains after earlier losses.<\/p>\n

Market players cited a broader risk-off mood linked to concerns over U.S. monetary policy, particularly following President Donald Trump\u2019s nomination of Kevin Warsh as Federal Reserve chair, a move seen as less supportive of easy liquidity.<\/p>\n

With Bitcoin now down roughly half from its October peak, investors remain cautious. While short-term rebounds are possible, continued selling by large holders and tightening financial conditions suggest volatility across crypto assets, mining stocks, and global markets is likely to persist.<\/p>\n

Cover image from ChatGPT, BTCUSD chart on Tradingview<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s (BTC) slide below the $65,000 mark this week has rippled far beyond the crypto market, dragging down mining stocks and weighing on Asian equities already under pressure from a global tech sell-off. The world\u2019s largest cryptocurrency briefly dipped just above $60,000, its lowest level in about 15 months, before attempting a modest rebound. Even […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-71344","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71344"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71344\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}