Both Bitcoin and Bitcoin Miners Could Crash Within Weeks

NIA has created an exclusive must-see chart proving that Bitcoin Miners could crash within weeks alongside a sharp Bitcoin correction.

Based on the enterprise value of Marathon Digital (MARA) divided by the Bitcoin price in USD, yesterday was MARA's #4 most overvalued close in history with MARA currently being valued with an enterprise value of 117263.4X the price of Bitcoin.

MARA's #1 most overvalued close in history occurred on October 25, 2022. Over the following 30 days, Bitcoin declined by 17.37% and MARA declined by 56.10%.

MARA's #2 most overvalued close in history occurred on September 9, 2022. Over the following 10 days, Bitcoin declined by 8.59% and MARA declined by 23.23%.

MARA's #3 most overvalued close in history occurred on November 8, 2021. Over the following 90 days, Bitcoin declined by 37.23% and MARA declined by 68.78%.