MARA lost 1.3 billion in Q1 and sold 20,880 BTC. First reaction from many: miners can’t hold on anymore. But last night, U.S. crypto stocks skyrocketed across the board. COIN +6.78% CRCL +15.91% MSTR +4.45% BTBT +19.44% Kraken’s parent company is pushing for an IPO with a $20 billion valuation. 21Shares’ HYPE ETF goes live today. On Polymarket, the probability of MSTR selling coins before the end of June surged from 2% to 67% in just a week. BTC funding rate is near zero, 4-hour bullish alignment, and the weekly 81,000 level is still above the 200 EMA. The divergence at this level is, in itself, a signal.