Bitcoin miner revenues have fallen to their lowest in two months, with daily earnings dropping to $34 million.
Despite declining profitability, there is no sign of forced selling as miner wallet outflows remain low.
Miner reserves are increasing, indicating a long-term strategy amid current low prices.Bitcoin
$107,387.35
miner revenues have slid to their lowest levels in two months, but there’s still no sign of forced selling, even as profitability falls.
Daily mining revenue dropped to $34 million on June 22, the weakest since April and among the lowest levels over the past year, CryptoQuant said in a weekly report shared with CoinDesk.#BTC110KToday? #BinanceAlphaAlert #NODEBinanceTGE #SaylorBTCPurchase $BTC