Bitcoin’s Bear Market: Miner Risks and What Investors Should Know

Bullish Gator

Charles Schwab’s Jim Ferraioli explains Bitcoin weakness, mining fundamentals, and key risks miners face as crypto seeks bullish momentum—implications for investors over the coming months.

Editorial companion

What stands out

Jim Ferraioli opened Schwab’s 2026 Mid-Year Market Outlook by laying out a simple observation: Bitcoin is stuck and miners are getting squeezed, and that strains more than just coin wallets. The segment matters because it links a niche stress, mining margins, lower BTC prices, and capital intensity, to the broader ecosystem of trading, custody, and investor behavior, showing why a brokerage like Charles Schwab pays attention when crypto markets wobble.