MTB-Cpyptofy
925 Posts
MTB-Cpyptofy
Open Trade
High-Frequency Trader
3.6 Years
1.8K+ Following
585 Followers
182 Liked
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Ahli Hidaya
ยท
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BullishBitcoin Miner Capitulation: 28,000 BTC Dumped & The Rising Cost of Mining! โ๏ธ๐
A major driving force behind the recent market correction is quietly unfolding on-chain. Bitcoin miners have dumped a staggering 28,000 BTC (worth around $1.78 billion) this year, serving as an overlooked catalyst behind the recent 27% market crash.
The Production Cost Squeeze: It currently costs approximately $74,000 to mine just one Bitcoin, which is sitting well above the spot market price of around $63,000.
Severe Pressure on Operations: With mining costs exceeding revenues, miners are facing massive profit margins compression, forcing them to liquidate their treasury reserves to cover operational expenses and energy costs.
Market Impact: This ongoing miner capitulation adds heavy selling pressure to the order books, keeping the market under strain until prices recover above the production cost threshold.
๐ Join and Earn Together: Don't forget to check out my referral link to earn rewards:
https://www.binance.com/referral/earn-together/refer2earn-usdc/claim?hl=en&ref=GRO_28502_WCYB7&utm_source=referral_entrance
What are your thoughts on miner selling? Are we nearing maximum capitulation? Let's discuss below! ๐๐ฌ
#Bitcoin #BTC #CryptoMining #OnChainData #BinanceSquare #CryptoMarket$BTC #DYOR๐ข #NFAโ
A major driving force behind the recent market correction is quietly unfolding on-chain. Bitcoin miners have dumped a staggering 28,000 BTC (worth around $1.78 billion) this year, serving as an overlooked catalyst behind the recent 27% market crash.
The Production Cost Squeeze: It currently costs approximately $74,000 to mine just one Bitcoin, which is sitting well above the spot market price of around $63,000.
Severe Pressure on Operations: With mining costs exceeding revenues, miners are facing massive profit margins compression, forcing them to liquidate their treasury reserves to cover operational expenses and energy costs.
Market Impact: This ongoing miner capitulation adds heavy selling pressure to the order books, keeping the market under strain until prices recover above the production cost threshold.
๐ Join and Earn Together: Don't forget to check out my referral link to earn rewards:
https://www.binance.com/referral/earn-together/refer2earn-usdc/claim?hl=en&ref=GRO_28502_WCYB7&utm_source=referral_entrance
What are your thoughts on miner selling? Are we nearing maximum capitulation? Let's discuss below! ๐๐ฌ
#Bitcoin #BTC #CryptoMining #OnChainData #BinanceSquare #CryptoMarket$BTC #DYOR๐ข #NFAโ
$NASA.ETF when yo!
NASAETF+1.49%
ยท
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๐๏ธ Build the Binance Plaza, hold BNB๏ฝSunday: Has the market trend improved enough now? Let's chat
End
04 h 45 m 26 s
9.4k
44
Eth mmmhmmm
Yao
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Boooooo
only conan is real, inviteeee
DrSaleG
ยท
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Wow ๐งจ big solana box ๐งง
Another successful week is behind us. We break all records! ๐๐ช๐ฅ
All our members who completed the tasks received a free Conan coins. It's very simple. Make a post about Canan and when it has 500 views you will get free Conan. So join to our community fast! #CONAN
Last week we had a lot of completed tasks.
@MrStar distributed 112 500 free Conan coins to our community members who completed tasks. ๐๐๐
We achieved over 960k views in last week.
Conan Middle East & Europe Team #Conanwest
The strongest Conan Community !
Thank you all friends! โค๏ธ
We are going to break new records and set new standards this week!
Lets gooo! ๐ฅ
Big solana box for all ! ๐งง๐
$BTC $ETH $SOL
#Binance #BinanceSquareTalks #BinanceSquareFamily
Another successful week is behind us. We break all records! ๐๐ช๐ฅ
All our members who completed the tasks received a free Conan coins. It's very simple. Make a post about Canan and when it has 500 views you will get free Conan. So join to our community fast! #CONAN
Last week we had a lot of completed tasks.
@MrStar distributed 112 500 free Conan coins to our community members who completed tasks. ๐๐๐
We achieved over 960k views in last week.
Conan Middle East & Europe Team #Conanwest
The strongest Conan Community !
Thank you all friends! โค๏ธ
We are going to break new records and set new standards this week!
Lets gooo! ๐ฅ
Big solana box for all ! ๐งง๐
$BTC $ETH $SOL
#Binance #BinanceSquareTalks #BinanceSquareFamily
XRP
AudiXRPBabe
ยท
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6K - THANK YOU ALL
Its crazy, i don't know what i should say. So...thank you all very much! ๐ค
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