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Bitcoin Miners Return to Profitability as BTC Continues Market Recovery: Bitfinex

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Bitcoin miners are in the green again following BTC’s massive recovery over the past week. On-chain data suggests miners’ BTC sales to upgrade machinery and sustain operations are ending.

The rise in the Miner Profit Sustainability metric will stabilize miners’ financial position and possibly positively influence the crypto market by reducing the need to sell BTC holdings to cover operational costs.

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