Glassnode: Bitcoin miners have not "completely sold off" and may be in the break-even period

Odaily Odaily News Glassnode Chief Analyst James Check said that Bitcoin miners may be struggling at present, but they may not have fully entered the bear market level. They dig out 10 bitcoins and then sell 10 bitcoins. Miners must adapt and adjust fees to become their main source of income, forcing the industry to further innovate and apply effective capital management. The current Bitcoin hash belt seems to be in a reversal period. The generation time of blocks is about 14 seconds slower than normal, which indicates that the online hash rate is low and the block generation speed is slightly slower. Currently, about 5% of the mining hash rate is in trouble, which means that Bitcoin miners "are likely" to sell some assets, but this does not seem to be a "complete sell-off." (Cointelegraph)