📢Bitcoin Miners Facing Profit Challenges: Current Trends and Market Impact📊
🔘Current Status🔘
Bitcoin miners are currently experiencing extreme underpayment, with a rate of approximately -19.32. However, this does not necessarily mean that an overpayment phase (bullish trend) will soon occur.
🔘Historical Context🔘
A similar scenario occurred on January 17, 2024, when the Bitcoin price was also in a state of extreme undervaluation. Despite this, the trend of extreme underpayment continued, indicating a bearish trend.
🔘Conclusion🔘
Based on current on-chain analysis and historical data, Bitcoin's outlook remains bearish. Extreme underpayment status indicates that the market is still in a downtrend and caution should be exercised in anticipation of a possible bullish reversal.
🔍Crypto Scouts
