Bitcoin miners are facing low revenues but prefer to hold their assets rather than selling them.
Decline in Miner's Revenue
Currently, miners' revenues are at their lowest level in a year. An analysis by CryptoQuant highlights revenue decline, raising concerns about future mining infrastructure investments.
Retention of Assets During Instability
Despite falling revenues, miners continue to hold their Bitcoin instead of selling it. "Despite low revenues, miners are holding onto their Bitcoin, possibly expecting a price increase." — CryptoQuant Team.
Optimism in Communities and Future of Mining
The decline in revenues mirrors historical events when halvings affected profitability. Nevertheless, communities remain optimistic about innovations in mining and its resilience to current financial conditions.
Despite pressures from the financial market, miners demonstrate resilience and maintain hope for future developments and changes within the Bitcoin ecosystem.
