A recent report by CryptoQuant highlights significant financial challenges faced by Bitcoin miners. Despite low profitability, selling pressure appears constrained.
Financial Challenges of Miners
According to CryptoQuant, miners are experiencing 'extremely underpaid' conditions. This typically raises concerns over potential selling pressure on Bitcoin prices.
Low Miner Selling Power
Nevertheless, CryptoQuant's 'Miner Selling Power' metric indicates that miners have limited Bitcoin reserves available for immediate liquidation, despite their financial struggles.
Prospects and Key Metrics
The current situation is well illustrated by two key metrics: Miner Profit/Loss Sustainability and log-scaled Miner Selling Power. These indicators reflect a complex scenario, where financial stress exists, but immediate capacity for large-scale selling is limited.
In conclusion, while the financial pressure on mining operations is evident, the risk of significant sell-offs from miners currently remains low unless major changes occur in their financial landscape.
