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News Explorer — Bitcoin Miners Are Selling Their Coins Due to Reduced Revenues

Generated by AI, curated by humans

Jun 14, 7:11 am

Unchained Crypto

Bitcoin Miners Are Selling Their Coins Due to Reduced Revenues

The post-halving effect on the Bitcoin mining industry is evident as lower transaction fees result in reduced revenues and margins. Miners have been selling their coins, with an increase in transfers to Binance and activity on OTC desks. Bitcoin miner revenues have dropped 55% from peak levels, leading to pressure on their income. Despite this, the hashrate remains high, indicating a potential market low.

The post-halving effect on the Bitcoin mining industry is evident as lower transaction fees result in reduced revenues and margins. Miners have been selling their coins, with an increase in transfers to Binance and activity on OTC desks. Bitcoin miner revenues have dropped 55% from peak levels, leading to pressure on their income. Despite this, the hashrate remains high, indicating a potential market low.

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