#cipher
cipher
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$BTC current price is 64,577 USD; it’s up only 0.19% in the past 24 hours. Tonight, what’s loudest isn’t the order book—it’s the mining companies themselves cutting positions.
Cipher sold 1,619 bitcoins today, realizing a loss of $47.7 million. Interest is $66.7 million; mining revenue is only $24.8 million—there’s no way the numbers balance, so they liquidate the coins in their reserves. After the sale, they’re left with just 646 coins.
The market hasn’t followed. The range is stuck between $63,880 and $65,025. In the past 24 hours, trading volume was $764 million. The Fear & Greed Index is 25, extreme fear. Nothing moved on-chain; miners moved first. Quarterly revenue dropped from $43.6 million to where it is now. The watershed moment isn’t the halving—it’s the shift in hashrate, and the rental fee from that transition still hasn’t been received. #Cipher mining firms are cutting positions while losing money #链上没人买矿工先卖 #BTC
Cipher sold 1,619 bitcoins today, realizing a loss of $47.7 million. Interest is $66.7 million; mining revenue is only $24.8 million—there’s no way the numbers balance, so they liquidate the coins in their reserves. After the sale, they’re left with just 646 coins.
The market hasn’t followed. The range is stuck between $63,880 and $65,025. In the past 24 hours, trading volume was $764 million. The Fear & Greed Index is 25, extreme fear. Nothing moved on-chain; miners moved first. Quarterly revenue dropped from $43.6 million to where it is now. The watershed moment isn’t the halving—it’s the shift in hashrate, and the rental fee from that transition still hasn’t been received. #Cipher mining firms are cutting positions while losing money #链上没人买矿工先卖 #BTC
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