Crypto’s Next Leg? Watch the Lagging Miners: $RIOT & $HUT 🚀
👋 Ok folks, here’s a small crypto thesis.
Crypto rallies often follow a familiar sequence:
$BTC + $ETH → $Robinhood(HOOD)$ + $Coinbase Global, Inc.(COIN)$ → $Strategy(MSTR)$ + $Hyperliquid Strategies Inc(PURR)$ → miners
Last week, 3 of the 4 groups ripped higher. The miners, however, largely haven’t participated yet.
That’s what makes $Riot Platforms(RIOT)$ and $Hut 8 Mining Corp(HUT)$ interesting.
⛏️ Both are showing unusually strong volume, while their exposure now extends beyond Bitcoin mining into data-center infrastructure—giving them potential exposure to two powerful themes: crypto + AI infrastructure.
The setup is essentially:
Bitcoin is running → look for lagging, high-beta beneficiaries.
🎯 $RIOT: Entry around $19.83
🛑 Risk: Daily close below $19
🚀 Upside: $30+, potentially a ~50% move
⏳ Time frame: Multi-week
The key is that the miners are still lagging. If capital rotates into the final leg of the crypto trade, $RIOT and $HUT could have plenty of room to catch up.
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