As Bitcoin miners close up shop, one metric suggests that the market bottom may be in

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Bitcoin BTC Bitcoinmining hashrate As Bitcoin miners close up shop, one metric suggests that the market bottom may be in

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Rising energy costs across the U.S. and Europe have further exacerbated the situation and forced previously profitable operations to close up shop. To go along with a decrease in difficulty, resilient miners who've managed to survive the depths of crypto winter thus far are starting to benefit from less profitable miners dropping out. Data from Glassnode shows that as some miners powered down their rigs, the profitability for remaining operations has begun to climb higher.

 

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Oh no long way to go… when u see the people running ur close to there

Bitcoin is going to appreciate in the next few weeks. With an exchange like SimpleSwap, buying BTC has been made easy and safe.

The btm of btc is not in until rvery1 is running away from bitcoin and crypto. Until then it’s a show.

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