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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$64,366.00

+0.28%

$64,366.00

+0.28%

(24s)

24h Volume

$4,802,332,224.42

24h H/L

$64,475.28 / $63,810.00

Change: $665.28 (1.04%)

Long/Short

65.4%

Long: 65.4%Short: 34.6%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,380.00

▲ 0.37%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$64,562.78

Price$64,380.00

Support 1$64,050.00

Support 2$62,909.86

Support 3$61,277.48

Pivot (PP):$64,562.78

Trend:Uptrend

RSI (14):50.6

Cointelegraph Staff

(08:42 PM UTC)

1 min read

Updated byOlivia Bennett

588 views

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.…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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