⚡️ Miners Under Pressure: Survival of the Fittest?
The cost of mining BTC is rising, and the market is on edge. While major players with cheap electricity and access to capital are "holding the line," smaller miners are finding themselves on the brink of survival.
What does this mean for the market?
📉 Downside Risk: Capriole Investments warns that a mass "miner capitulation"—selling off holdings to cover costs—could push the price below $60,000, strengthening the bearish trend.
🔄 Healing Through Pain: As inefficient miners shut down their equipment, network difficulty eventually drops. This makes mining more profitable for those who remain, restoring the balance between costs and revenue.
The Bottom Line: We are witnessing an adaptation phase rather than a systemic crisis. The market is flushing out inefficient players, leaving room for those prepared for the new reality.
Bull trap or a necessary purge before the next rally? Share your thoughts below! 👇
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