✅Bitcoin Mining Profitability Indicator Hits All-Time Low Amid Plunging Market 🔍Contents • Bitcoin price declines coincide with slowing trading activity. • Mining costs significantly increase relative to block rewards. • Profitability indicators (based on hashprice) reach all-time lows. • Some miners are operating below break-even. ❓ Points to Watch • Mining profitability is a leading indicator of network health. • Deteriorating profitability → Potential for increased miner selling pressure. • Potential for high-cost miners to leave. • Hashrate adjustments could lead to difficulty changes. ✅Implications • In the short term, miner selling pressure could trigger a market downturn. • In the medium to long term, a process of liquidating inefficient miners is likely. • The risk of restructuring across the mining sector is likely to persist until prices rebound. #Bitcoin #Mining #Mining #Bitcoin