Bitcoin Miners Dump $5B in Massive Sell-Off, Is It Time to Buy the Dip?

Bernstein recommends buying the dip in Bitcoin mining stocks, citing a potential buying opportunity as they have underperformed recently. The approval of spot bitcoin exchange-traded funds and a weaker BTC price have contributed to this underperformance. Analysts believe the next two months offer a dip buying opportunity in bitcoin miners, with a potential short-term bottom in the $38,000-$42,000 range for Bitcoin. Bernstein prefers outperform rated stocks Riot Platforms (RIOT) and CleanSpark (CLSK) for achieving bitcoin exposure.