2026-01-06 23:26:55

Why is $IREN trading lower today? Catch a -8.7% dip as the dust settles.

Iren's exposure to Bitcoin mining means its fortunes are closely tied to BTC movements. Over the weekend, Bitcoin's rally powered a surge in mining-related tokens. But that momentum faded fast once Bitcoin pulled back this morning, and the premium evaporated just as quick.

Worth keeping on your watchlist—these mining-linked plays can turn on a dime when Bitcoin changes direction.

BTC-1,25%

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MetaverseVagrant

· 17h ago

Mining coins like this, a shake in BTC and everything's ruined, 8.7% is really nothing.

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MEVHunter_9000

· 01-06 23:56

BTC dips, and mining coins follow suit, bleeding out. What's 8.7% this time... Just last week, it was still at a high level.

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DegenDreamer

· 01-06 23:56

Mining coins are like this; Bitcoin drops every time it takes a breath. I should have sold it yesterday if I had known.

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LiquidatedTwice

· 01-06 23:54

BTC pulls back and then runs again. Mining coins are really a gamble... I lost once over the weekend, and now it's happening again?

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FancyResearchLab

· 01-06 23:53

Another Bitcoin megaphone, theoretically feasible, but in practice just trapped.

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ProtocolRebel

· 01-06 23:50

Here we go again, the old script in the crypto world... When BTC jitters, mining coins crash along with it. They were still partying over the weekend, and now it's down -8.7%. LOL

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GasFeeAssassin

· 01-06 23:36

BTC experiences a wave of pullback, and mining coins follow suit with a plunge. This move feels all too familiar... As I always say, chasing the mining concept is equivalent to chasing the second derivative of Bitcoin, and the risk is explosively high.

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DAOTruant

· 01-06 23:35

BTC experiences a pull, and the mining coins shake along with it. I've seen this trick too many times... An 8.7% drop is nothing; the real volatility is still to come.

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