Marathon Digital holds 20,000 BTC, the highest number of BTC. Where is the deadline for miners to surrender?
Bitcoin completed its fourth halving event in history in April this year. After a wave of consolidation in May and June, everyone is paying attention to whether miners continue to sell. According to statistics from HODL 15 Capital today (8), among the listed Bitcoin mining companies, the total Bitcoin holdings of major mining companies are 54,220, worth US$3.1 billion.
According to the 2024 Q2 quarterly report of the US mining company Marathon Digital, the current mining cost of each BTC is around US$43,000.
He said that if the price of Bitcoin is lower than this level, mining companies may further liquidate Bitcoin under operational pressure. But if Bitcoin can hold the US$45,000 level, BTC is still expected to set a new record high within 1 year:
In my opinion, as long as the price of Bitcoin remains above US$45,000, it is possible to break the record high again within a year.
From the past history, Bitcoin usually does not fall below the shutdown price in a bull market. Whether this time will also conform to this practice is worth our continued attention.
