Almost 1 in 4 top $BTC miners bleeding money daily rn
That's 23% operating at a loss. Not break-even. Straight up underwater.
When the big boys start hurting, hashrate drops or capitulation sales incoming. Either way — watch for miner wallet movements. They don't mine for charity.
This is how bottoms form btw. Miners tap out, weak hands fold, then suddenly everyone's shocked when price rips.
Classic.
That's 23% operating at a loss. Not break-even. Straight up underwater.
When the big boys start hurting, hashrate drops or capitulation sales incoming. Either way — watch for miner wallet movements. They don't mine for charity.
This is how bottoms form btw. Miners tap out, weak hands fold, then suddenly everyone's shocked when price rips.
Classic.