ChainCatcher reports that, according to OKG Research from OKLink, this ratio is the second-lowest level since falling below 1 on November 11. It not only maintains the healthy profitability of miners and stabilizes the Bitcoin ecosystem but also boosts miner confidence and reduces the risk of sell-offs due to cost pressures. The decline in the ratio is mainly due to three recent positive developments, detailed as follows:
MicroStrategy Included in NASDAQ: News on Saturday indicated that MicroStrategy has been officially added to the NASDAQ index, which means that any investors holding or purchasing NASDAQ will passively allocate Bitcoin, further strengthening the trend of institutionalization.
FASB Fair Value Accounting Rules Take Effect: The new regulations are officially implemented today, allowing companies to optimize financial reports by holding Bitcoin as a reserve asset, which is expected to accelerate the adoption of Bitcoin in corporate asset allocation.
Federal Reserve Rate Cut Expectations Rise: According to CME FedWatch data, the probability of the Federal Reserve cutting rates by 25 basis points in December has risen to 96%, further benefiting the Bitcoin market in a loose macro environment.
