Bitcoin Mining Operations Adjust as Price Falls Below $95,000
TLDR Bitcoin price dropped below $95,000, causing increased selling pressure among miners who are now “extremely underpaid” Stronger miners are expected to survive while weaker operations exit the market during this correction phase The 100-day MVRV (Market Value to Realized Value) ratio currently stands at 2.
TLDR Bitcoin price dropped below $95,000, causing increased selling pressure among miners who are now “extremely underpaid” Stronger miners are expected to survive while weaker operations exit the market during this correction phase The 100-day MVRV (Market Value to Realized Value) ratio currently stands at 2. What's Your Reaction?
