The report presented by Matrixport, the crypto money company of the famous Chinese billionaire Jihan Wu, revealed what level Bitcoin (BTC) miners may be selling at.
by Matrixport Friday, June 2 In the report published today, Bitcoin miners sales oriented attitude detailed. According to current data, in recent weeks affected by the setbacks of miners 28 thousand dollars It was stated that they may be selling their assets around
In the report, Bitcoin continuous increase in mining difficulty due to mining competitive and often unprofitable has been marked. Bitcoin mining difficulty 31 Maywith the last adjustment in 3.40% increased to an all-time high.
Matrixport Research Head Markus Thielenin its statement on the subject, produced before 2022 mining equipment stressed that he could not make a profit at the current difficulty level:
Looking at current input cost and potential output revenue data, most machines manufactured before 2022 appear to be unprofitable. However, a 10% increase in Bitcoin price can move miners back to a profitable position. This possibility pushes the miners to a bullish expectation.
According to CoinGecko data, in the last 24 hours 0.8% rising BTC, at the time of writing at $27,120 is being traded.