The end of the holiday week encountered volatility, with the major U.S. indices suffering conspicuous declines. In turn, the cryptocurrency ecosystem was muted, extending a soft spell that began around a week-and-a-half ago. Unfortunately for investors of crypto miners like MARA Holdings (NASDAQ:MARA), the downturn also impacted the business end of the blockchain. However, contrary to popular belief, speculators should consider refraining from buying the dip.

Of course, the temptation is understandable. At the beginning of this week, Benzinga's unusual options activity screener identified a substantial volume of bearish activity against MARA stock. Specifically...