IREN things feel a little squeezy today. it'll be interesting to see what happens if BTCUSD makes a real run at 65K before the end of the day. lotta shorts on the miners, especially this one, might be closing their positions in case bitcoin rockets after hours as it's been doing for the last week or so. those rallies weren't after US market day strength, either. I can only imagine how the overnight trade will react if the US pushes it to 65K.🍿🥤
IRENIREN has outperformed the WGMI Bitcoin miners ETF by almost 8% in the last month and is more than 40% better than the rest of the collective miners since the end of April. it hasn't underperformed WGMI since mid-Feb of 2023