---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42512240.md"
description: "Bitcoin barely moved today, $iShares Bitcoin Trust ETF(IBIT.US) also basically hovered around the zero line, but $Mara(MARA.US) fell seven percent, and $BitMine Immersion Tech(BMNR.US) lost nearly five percent—the coin price didn't drop, but mining stocks and small-cap Bitcoin hoarding stocks turned green first.How to view this divergence? I think it's about risk appetite: on days when the Nasdaq plunges and high-beta assets contract across the board, leveraged tech positions like the crypto mining sector are easier to cut than spot holdings, and it has little to do with on-chain fundamentals. If there were real on-chain problems, $iShares Bitcoin Trust ETF(IBIT.US) wouldn't be this stable. I see this drop in mining stocks as sentiment, not a signal."
datetime: "2026-07-08T10:48:19.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42512240.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42512240.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42512240.md)
author: "[凉风说财经](https://longbridge.com/en/profiles/26834935.md)"
---

# Bitcoin barely moved today, $iShares Bitcoin Trust…


### Related Stocks

- [MARA.US](https://longbridge.com/en/quote/MARA.US.md)
- [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md)
- [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md)
- [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md)
- [BMNP.US](https://longbridge.com/en/quote/BMNP.US.md)

## Comments (2)

- **丁真！寄 · 2026-07-08T12:41:07.000Z · 👍 1**: IBIT holds spot positions, this currency ETF is definitely much more stable
- **丁真！寄 · 2026-07-08T12:39:26.000Z · 👍 1**: Software stocks, well, following the software sector