#miners
Miners capitulate: 32,000 $BTC sold in a quarter š
The pressure on the Bitcoin market is increasing. In the first three months of 2026, public mining companies (MARA, CleanSpark, Riot and others) dropped a record 32,000 BTC. For comparison, this is more than they sold in all of 2025.
Why is this happening?
ā¢ Loss: About 20% of the industry is now operating "in the red".
ā¢ Survival price: At the current Hashprice of $ 33 / PH / s, many do not reach the break-even point ($ 35). Older equipment is simply shutting down or running on wear and tear to cover electricity bills.
ā¢ Difficulty: The network hashrate is growing, and the rewards per block after the halving have become smaller.
Confrontation of the giants:
While miners are trying to "keep the lights on", Michael Saylor's MicroStrategy continues to buy. We are seeing a global reallocation of assets from those forced to sell to those with an infinite planning horizon.
