How are miners doing: a brief overview for today
The situation on the mining market is currently stable and shows no signs of stress:
๐ Plus 7.4% from the bottom of the difficulty
The price of Bitcoin has risen 7.4% from the last minimum difficulty. This is the green zone, which means that miners are no longer under pressure, as is the case with capitulation (when the price falls by 10โ30% and the difficulty decreases in series).
โ๏ธ No capitulation
The price is above the last minimum difficulty level โ there are almost no forced sales by weak miners. The pressure they exert on the market has decreased.
๐ก But there is no euphoria either
+7.4% is moderate growth, not a rally. Previously, before the peaks, this indicator showed +50โ80%.
๐ What is important to monitor further:
Price drop + decrease in difficulty โ an alarm signal for miners.
Yield per TH/s (hash rate in money) will show the real level of tension.
Bitcoin sales by large miners in a weak market โ an early signal of pressure.
โ Conclusion:
Miners are not hindering market growth, but they are not pushing it up either. The background is currently neutral-positive. Everything will remain calm until the price rises significantly above the current level โ or falls below the recent minimum difficulty.
