Wednesday, September 23, 2026
BMNR has quietly doubled on its ETH treasury strategy while legacy miners RIOT and MARA bleed against a 37% BTC rally. Retail search interest remains asleep across every major crypto narrative, suggesting this rally is driven by institutional flows rather than crowd FOMO.
Ongoing Stories(2)
ZEC's Silent Rally
Major UpdateZEC has now reached $1,618, extending its 3-month gain to 289% with search interest still near the floor.
See previous coverageThe Altcoin Season Narrative Is Missing
Still TrendingAltcoin season interest remains at 15 despite ETH and SOL both rallying over 60% in three months.
See previous coverageVisualizations(4)
Mining Stock Price Performance (Normalized, Jun 23 = 100)
BMNR surged 71.8% from its June baseline to September, while RIOT fell 17.2% and MARA dropped 9.9%—a historic divergence showing capital rotating away from legacy Bitcoin miners.
Silent Rally Index: BTC vs ETH vs SOL (Normalized, Jun 23 = 100)
ETH and SOL have both outperformed BTC over three months, with SOL up 69.2% and ETH up 64.7% versus BTC's 37.5%—yet retail search interest for all three narratives remains near floor levels.
Mining Stock Search Interest: BMNR vs IREN vs RIOT vs MARA
IREN leads at 44 but is down from 67 in late August. BMNR sits at 20—below its 3-month average—while RIOT and MARA hover near single digits despite BTC rallying 37.5%.
Bitcoin Dominance & Altcoin Season Search Interest
Bitcoin dominance interest collapsed to 16, down from 46 in July and a 100 peak in November 2025. Altcoin season index flatlined near zero for three straight weeks before ticking up to 6.