Here's something that's going to make your eyes pop: Miners are raking in a whopping load of cash, even though BTC prices are not exactly touching the sky. That's right - they're making a fortune! This raises a few burning questions:

1. What's their secret to stacking up all that dough? And, just how much are we talking here?
2. How can we, the humble crypto tribe, get a slice of this pie?
3. Amid all this, what's the smart money up to?
4. And the million-dollar question: What's in store for BTC? Will the miners just pull the rug as usual?

Well, let's roll up our sleeves and dive in to get these answers!

TLDR 📃

• Miners are raking in $30M daily, with BRC-20 tokens driving this surge despite BTC's value only doubling.
• The BRC-20 wave is still going strong, and new DEXs are stepping onto the scene, promising to usher in a wave of fresh users.
• Smart investors aren't fazed by market swings, they're busy boosting their BTC stash.
• Recent BTC price jump presents two possibilities: a climb to $42,000 or a dip to $24,250. Our bet's on the dip!

Disclaimer: Not financial nor investment advice. Any capital-related decisions you make is your full responsibility.

BRC-20: the secret to miners’ hefty paycheck 💰

Since BRC-20 tokens hit the scene, miners have been laughing all the way to the bank. Let's first dish out a quick 101 on this game-changing tech, just in case it slipped your radar.

In 2023, the Bitcoin Ordinals protocol made it possible to stamp NFTs onto little ol' satoshis, stirring up interest in fungible tokens on Bitcoin. This techy dream was brought to life by a certain code wizard named Domo with his BRC-20 token standards. They made big waves in the market AND they also beefed up Bitcoin transaction fees (+ jammed up the network).

Alright, now you're up to speed. Let's crunch some numbers.

[caption id="attachment_274058" align="aligncenter" width="1800"] Miners % revenue from fees[/caption]

Traditionally, miners have been banking on block rewards (you know, the kind that halves every four years) for their cash flow. But there've been moments when fees start chipping in a respectable 10-20% to their coffers, typically around major bull runs. But what's wild this time is we're hitting those highs without a significant price hike. The secret ingredients? Ordinals and BRC-20.

Let's look at the total daily revenue miners have been pulling in since 2016. This figure usually stays pretty steady, only shifting with BTC price or the four-year halving event. But this year, revenue tripled even though BTC only doubled.

And guess what? This party is far from over. Despite early complexities in trading BRC-20, projects like Alex and Omnisat are paving the way to simpler trading by creating DEXs. More users, more transactions, more fees - and a lot more cha-ching for miners.

How to ride the BRC-20 wave?

So, you're looking for ways to profit from this BRC-20 boom.

One strategy might be to gamble on the next viral memecoin or bulk buy and hope for the best. But let's face it, that's like finding a needle in a haystack, and most of those coins aren't worth the pixels they're displayed on.

Another option? Dive in and become a miner. Sure, it could mean big bucks, but it requires expertise, time, and a chunk of change to start. Plus, if the BRC-20 buzz fades (which we think is likely), you're stuck with pricey gear raking in just a fraction of the block rewards. So, unless you're game to go big and become a mining mogul, it might be a rocky road to steady profits.

But wait! There's a smarter option, and it's just a few clicks away. An option that's been majorly outperforming BTC since the year kicked off. Don't just take our word for it, check out the performances against BTC for yourself 👇🏼

The golden ticket: BITCOIN MINING STOCKS

Why gamble on becoming a miner or take a wild swing at memecoins when you can jump into the real deal with mining stocks. The chart above has the details (even the 'worst' one's up +150%, mind-blowing, right?).

Here's the lineup:

• Digihost Technology Inc | DGHI (market cap of $59M, based in Canada)
• Cipher Mining Inc | CIFR (market cap of $595M, based in the US)
• Riot Platforms Inc | RIOT (market cap of $1.9B, based in the US)
• Iris Energy Ltd | IREN (market cap of $191M, based in Australia)
• Marathon Digital Holdings Inc | MARA (market cap of $1.49B, based in the US)
• Hut 8 Mining Corp | HUT (market cap of $616M, based in Canada)

Now let’s rotate back into BTC itself, what’s the smart money doing?

Smart money moves 🧠

This chart gives us a glimpse into three diverse groups of BTC investors:

• Those rocking 10+ BTC (worth over $275,000)
• The serious contenders holding 100+ BTC (exceeding a cool $2,750,000)
• And the big kahunas with a whopping 1,000+ BTC (that's $27,500,000+, folks!)

Now, some of these guys might not exactly be the titans of the crypto world, but they do share one solid strategy. They've all been consistently growing their crypto stockpile this month. That's a surefire sign that the savvy investors are in accumulation mode.

Just a quick heads up - these investors are long haulers. They pile up BTC when they think the price is a bargain, in relation to its future potential. So, don't assume that their current buying spree means they believe we've hit the bottom. As we inch closer to that point, expect them to go all-in.

Another one we saw is 7,000 BTC ($190M+) being taken off exchanges too - that’s a bullish sign. Investors are scooping and HODLing.

Now let's get down to BTC and its price projections.

BTC price analysis 📈📉

BTC took us for a joyride yesterday, climbing from a bit shy of $27,000 to surpassing $28,000. A $1,000+ leap in value is nothing to scoff at, but what does this mean? Are we waving goodbye to the bears? Well, hold your horses.

In the crypto world, everything's on the table, but there are some cardinal rules to keep in mind, a goodbye to bears needs certain criteria to be met.

BTC’s got two routes it can take:

1. The green line: We might see BTC retake the $28,350 mark, fortify it as support, and aim for $30,000. If it manages to repeat the trick at $30,000, we could be staring at a fresh run all the way up to $42,000.
2. The red line: BTC could keep on its downward trend, albeit at a slower pace, until it hits $24,250.

We're leaning towards the second option as we're firm believers in the power of market structure. Let's not forget, miners are known for their survival instincts - they're not afraid to sell BTC to cushion themselves in case of a crash.

Now, we may be wrong and we’re happy to adapt but we don’t flip flop biases at resistance. Stay patient, wait for confirmation, and don't let the market pressures dictate your moves.

Cryptonary’s take 🧠

Wrapping it all up, it's clear the crypto universe is always full of surprises! With BRC-20 tokens on the scene, miners are raking in the dough and we're only at the beginning. New DEXs are popping up, and more users mean more transactions - it's going to be a wild ride.

For those who aren't miners, you're not left out. There's gold in them hills! Bitcoin mining stocks are a smart way to join the party. And what are our crypto savvies up to? They're playing the long game, steadily stacking BTC despite BTC’s price being a bit of a rollercoaster.

We could be zooming up to $42,000 or taking a dive to $24,250. Our bet's on the dive, but hey, in the crypto world, nothing's set in stone.

As always, thank you for reading 🙏🏼