According to Foresight News, Glassnode chief analyst James Check said that the hash belt is in a reversal period, and the block generation time is about 14 seconds slower than normal, which indicates that the online hash rate is low and the block generation speed is slightly slower. Currently, about 5% of the mining hash rate is in trouble, which means that Bitcoin miners "are likely to sell some of their assets, but this does not seem to be a complete sell-off.
James Check added that miners may be struggling, they may not have fully entered bear market levels, they may just be struggling, 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.
