2026-02-01 19:26:38

Short selling crypto stocks while BTC searches for a bottom

Those calling for Bitcoin's recovery have been praying for the CME gap around $84K, while the “4-year cycle breaker” suggests we just need to wait a little longer — for example, until the CLARITY bill is passed.

In fact, until BTC recovers $88K and $102K, this remains a bear market.

Shorting the crypto market itself is too risky due to high volatility. But stocks related to crypto tend to move much more smoothly and are easier to predict.

▪️ Strategy — based on strong support levels in 2024, they have cash and will not sell BTC. But a dip below the average purchase price of ($76K) could trigger a new wave of selling.
▪️ Coinbase — almost mirrors Bitcoin. BTC at $70K or lower, and the pain will be very severe.
▪️ Bitmine — ETH is dropping faster than BTC, staking doesn’t help. There’s still a lot of downside potential, even enough to wipe out all gains since the ETH reserve was launched.

Currently, Bitmine has staked 55% of the ETH purchased to show confidence. But by doing so, they’ve also limited their own exit options.

BTC-1,23%

ETH-1,1%

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RohanA

2026-02-01 19:22:48

Shorting crypto stocks while BTC searches for a bottom

People calling for a Bitcoin rebound are already praying for the CME gap around $84K, while the “4-year cycle killers” suggest we just wait a bit longer — for example, until the CLARITY Act gets passed.

In reality, until BTC reclaims $88K and $102K, this is a bear market.

Shorting the crypto market itself is too risky because of the volatility. But crypto-related stocks tend to move much smoother and more predictably

▪️ Strategy — sitting on strong 2024 support, they have cash and won’t be selling BTC. But a drop below their average buy price ($76K) could trigger a new wave of selling.
▪️ Coinbase — almost a mirror of Bitcoin. BTC at $70K or lower, and the pain will be serious.
▪️ Bitmine — ETH is falling faster than BTC, staking doesn’t help. There’s still a lot of downside potential, all the way to wiping out the entire run-up since launching the ETH reserve.

Right now, Bitmine has 55% of its purchased ETH staked to show confidence. But by doing that, they’ve also limited their own escape route.

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