$BTC It’s not a joke—BTC miners are actively accumulating. When you look at the data, our mining-circle brothers can’t keep up with the pace of the exchange and stablecoins rising. Take a look: only Canaan (CAN) managed to post performance, while most big players are basically standing still. Guys, what does that mean? It means the mining cycle isn’t the same as the spot market’s lifecycle. In a short-term bull market, retail and institutional money gets poured into the exchanges and the tracks themselves, so mining profits can’t keep up—naturally, miners fall behind. This time we’ll just watch from the sidelines and see how far this wave of gains can go.
(via theblock)
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