Miners forced to sell bitcoin because growing costs arrive profitability

The miners have no choice but sell more Bitcoin during the current drop, adding sales pressure from recent disappointment that the government will not buy a new Bitcoin for reserves, plus macroeconomic uncertainty due to tariffs.

Toward Criptokuant Analyst It TechBitcoin price (Btc) struggles to bounce off their Current Lonzije Due to (among other things), the sale of miners pressure. The analyst pointed out that the price of BTC fell to $ 77,700, there was a significant increase in the number of miners who have moved their BTC to exchange.

The miners are forced by the sellers, which means they have to sell their BTC to pay for bills, which affects market liquidity. In addition, the fact that miners sell more bitcoins even when the price is low, it proposes that they are under financial pressure, in accordance with the analyst. The probable reason for this is that the average cost of Bitcoin Mining were constantly increases.

If enough people are buying a bitcoin that the miners they recorded, the price could stabilize and potentially recover. On the flip side, if miners continue to sell, but demand does not take over, the price of BTC will probably fall further, all other things are equal.

Currently, the last scenario looks more likely, because analysts expect Bitcoin to suffer deeper indentation from $ 70,000. For example, Arthur Hayes recently said that “BTC probably the bottom was about 70K”, but pointed out that 36% Correction from all time For 110K dollars it is normally on the bull market.