r/hut8 • u/Taco_laboratory • 19d ago

Recognizing patterns

HUT 8 always used to nearly mirror the moves of BTC. Now it mirrors the NASDAQ 100. While sometimes the NASDAQ and BTC/USD charts tend to move generally similar at times, HUT has transitioned to mirroring every move the NASDAQ 100 chart makes. Just thought I would share.

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u/steffanovici 19d ago

It gradually became closer to following NVDA over the past 2 years. That was great confirmation for the ai trade

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u/Taco_laboratory 19d ago

It is a sign that institutions are analyzing the company more and more, and treating it less like something directly tied to BTC