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Bitcoin miners hit a rough patch: Sold over 32,000 BTC in Q1 due to losses
- About 20% of Bitcoin miners currently operational are in the red.
- Publicly traded mining firms have offloaded more than 32,000 BTC in Q1 to cover operational costs.
- The BTC sell-off in Q1 surpassed the total amount they sold throughout 2023.
- The selling pressure from miners is adding strain to Bitcoin prices in the market.
#Bitcoin #BTC #CryptoNews #BinanceSquare #ThoDao MiningBTC
$btc
vlikevn Titanbot
Source: CoinDesk
- About 20% of Bitcoin miners currently operational are in the red.
- Publicly traded mining firms have offloaded more than 32,000 BTC in Q1 to cover operational costs.
- The BTC sell-off in Q1 surpassed the total amount they sold throughout 2023.
- The selling pressure from miners is adding strain to Bitcoin prices in the market.
#Bitcoin #BTC #CryptoNews #BinanceSquare #ThoDao MiningBTC
$btc
vlikevn Titanbot
Source: CoinDesk
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