đš $CIFR FORCED TO DUMP 1,619 BTC â MINER CAPITULATION IS REAL đ©ž
Cipher just sold 1,619 BTC for $123.4M and locked in a $47.7M loss. Their interest bill hit $66.7M while mining revenue only brought in $24.8M â that math breaks everyone. đ
Treasury sits at just 646 BTC (~$37.8M). Revenue slid from $43.6M to $24.8M year-over-year, and Q2 losses deepened to $23.5M. đ This is forced selling on the balance sheet â when machines cost more than they mine, holders turn into sellers.
These dumps get quietly absorbed by patient capital. đŠ The real question: one-time flush or a warning of more supply pressure? đŹ Are you fading this supply or watching for the bid to eat it? đ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #CIFR #MinerCapitulation #Bitcoin #Crypto #OnChain
đ©ž đ
Cipher just sold 1,619 BTC for $123.4M and locked in a $47.7M loss. Their interest bill hit $66.7M while mining revenue only brought in $24.8M â that math breaks everyone. đ
Treasury sits at just 646 BTC (~$37.8M). Revenue slid from $43.6M to $24.8M year-over-year, and Q2 losses deepened to $23.5M. đ This is forced selling on the balance sheet â when machines cost more than they mine, holders turn into sellers.
These dumps get quietly absorbed by patient capital. đŠ The real question: one-time flush or a warning of more supply pressure? đŹ Are you fading this supply or watching for the bid to eat it? đ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #CIFR #MinerCapitulation #Bitcoin #Crypto #OnChain
đ©ž đ