Crypto-equity complex sees heavy damage, with miners hit hardest but selective dip-buying emerging

Yahoo Finance highlights steep losses in bitcoin miners like Hut 8, while CoinDesk notes a 47% slide in IREN that B. Riley now frames as a buying opportunity, citing strong funding and GPU ramp optionality. Separately, ARK Invest has been adding to Coinbase and other listed crypto names into this drawdown, suggesting some institutional investors view the equity selloff as overextended relative to underlying network activity.

Flows and positioning show ongoing stress

Earlier reports from Coinbase, CoinDesk, and The Block describe persistent outflows from U.S. spot Bitcoin ETFs and a Fear & Greed Index deep in ‘extreme fear’. Whales and some sovereign buyers like El Salvador are adding on dips, but retail participation and crypto‑linked equities such as miners remain under heavy pressure.