Miners had a rough October, and November starts on worse terms.
Miners earned $1.215 billion in October, but per-unit revenue fell 17.54% across the month (cryptonews.gg). With $BTC near $78K after a 7.5% October drop (FXStreet), margins are getting squeezed.
Lower hashprice usually pushes weaker miners to sell more coins or shut off machines. That's a supply question worth watching, not a prediction.
Do you think miner selling becomes a real headwind for $BTC this month, or is it already priced in?
#Bitcoin #BitcoinMining #Crypto
Not financial advice.
Miners earned $1.215 billion in October, but per-unit revenue fell 17.54% across the month (cryptonews.gg). With $BTC near $78K after a 7.5% October drop (FXStreet), margins are getting squeezed.
Lower hashprice usually pushes weaker miners to sell more coins or shut off machines. That's a supply question worth watching, not a prediction.
Do you think miner selling becomes a real headwind for $BTC this month, or is it already priced in?
#Bitcoin #BitcoinMining #Crypto
Not financial advice.