James Check, chief analyst at Glassnode, said that Bitcoin miners may be struggling at the moment, but they may not have fully entered the bear market level. They mine 10 bitcoins and then sell 10 bitcoins. Miners must adapt and adjust fees to become their main source of income, forcing the industry to further innovate and apply effective capital management.
The current Bitcoin hash belt seems to be in a reversal period. The generation time of blocks is about 14 seconds slower than normal, which indicates that the online hash rate is low and the generation speed of blocks is slightly slower. At present, about 5% of the mining hash rate is in trouble, which means that Bitcoin miners "are likely" to sell some assets, but this does not seem to be a "complete sell-off." #币安合约锦标赛 #MegadropLista #CryptoTradingGuide #币安HODLer空投 #币安上线ZK $BTC
