The price of Bitcoin has just surpassed 100k, causing the value of Bitcoin for miners to increase significantly. This has prompted them to ramp up their selling activity.

After the price of Bitcoin dropped sharply, it entered a correction phase and rose back to 102k, leading to another major sell-off. When Bitcoin reached 102k, the miners' position shifted from "relatively well-paid" to "extremely low-paid" due to increased selling pressure.

Miners began to incur significant losses, which could create psychological pressure. If the bullish market for Bitcoin is not over, this could be a buying opportunity. Strong miners will continue to persevere, while weaker miners may have to shut down and leave the market due to an inability to recover from losses.