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via Cointelegraph · By Cointelegraph Staff

Bitcoin Miner Profits Fell As BTC Price Lost Strength: Will Miners Sell?

BTC

BTC/USDT

$63,074.28

-0.08%

$63,074.28

-0.08%

(24s)

24h Volume

$2,492,922,189.67

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,133.03

▲ 0.07%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,397.36

Resistance 1$63,626.50

Price$63,133.03

Support 1$62,999.35

Support 2$62,275.00

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.6

Cointelegraph Staff

(08:42 PM UTC)

1 min read

Updated byOlivia Bennett

0 comments

Key takeaways:

Record-low Bitcoin mining margins and rising demand for AI infrastructure incentivize miners to reduce their BTC positions.
Institutional spot Bitcoin flows vastly surpass miner output, making macro trends more vital than miner profits alone.

Bitcoin’s price slide to $62,000 was paired with weak on-chain activity and declining BTC miner revenues, which have fallen to an all-time low.…

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Source

Cointelegraph Staff · Cointelegraph

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