Terawulf hasn’t traded this low in a while and is sitting around 12.39, which puts it near the lower end of its recent range. The recent drop looks more driven by short-term sentiment than any real deterioration in fundamentals. The company still has strong leverage to bitcoin, relatively low power costs compared to other miners, and this price area has acted as support in the past. Risk to the downside from here looks more limited than the potential upside if crypto sentiment stabilizes or rebounds. Not saying it goes straight up, but at these levels it seems more likely to move higher than continue selling off, especially compared to chasing miners at elevated prices.