$BTC MINER STRESS SIGNAL — MINING ECONOMICS ARE GETTING SQUEEZED 🚨
Bitcoin miners are feeling real pressure again. Mining profitability has dropped to a 14-month low, with the Profit/Loss Sustainability Index now sitting in the “extremely underpaid” zone — the weakest reading since November 2024.
The squeeze is coming from both sides. BTC price weakness is cutting into revenue, while winter storms across North America are disrupting hashrate and pushing operating costs higher. Margins are getting crushed, and for smaller or less efficient miners, this isn’t about optimizing anymore — it’s about staying alive.
This matters because miner stress tends to show up at very specific points in the cycle. When miners are deeply underpaid, weaker operators are forced to sell reserves, shut down machines, or exit entirely. That kind of capitulation has historically aligned with late-stage drawdowns and resets, not euphoric tops.
What’s happening now looks less like excess and more like pressure being flushed out of the system.
The network is being stress-tested.
Only the most efficient survive.
When miners hurt this much, markets are usually closer to a reset than a peak.
Is this the final shakeout…
or the exact environment smart money waits for?
#Bitcoin #Mining #OnChain