Tuesday, May 17, 2022

Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows By Cointelegraph


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© Reuters.

The (BTC) mining enterprise is greater than ever at present price ranges, and new data shows simply how unlikely a mass miner sell-off actually is.

As famous by standard Twitter (NYSE:) account @venturefounder on Jan. 14, even at $42,000, the buying and selling pair is round 20% above miners’ value price.

Bitcoin manufacturing value annotated chart (screenshot). Supply: @venturefounder/Twitter
Bitcoin hash charge chart. Supply: Blockchain