Here is what could result from a decrease in taxes or specific credits for miners of #BTC Trump's share:
✅ 1. Immediate deduction of equipment:
The bill states “#BigBeautifulBill $ Senate restores the deduction at 100% for capital investments, which would allow a miner to depreciate the entire cost of their equipment in the year of purchase, rather than over several years. 👉 Impact: immediate reduction in tax bill, cash flow boost, incentive for expansion.
🪙 2. Relief from double taxation on mining and staking
The Senate is considering an amendment aiming to tax only at the time of sale the gains from mining/staking, thereby avoiding double taxation. 👉 Impact: tax simplification for miners, likely increase in net yields.
🌱 3. Modification of renewable energy credits
Part of the plan provides for the gradual elimination of certain credits related to solar energy, which could increase the production costs of solar electricity by 10–15% for miners using these sources. 👉 Impact: reduction in green energy savings, potentially higher unit costs.
🌍 4. Favorable macroeconomic effect for cryptos
The overall plan includes significant tax cuts and spending. In this context, Bitcoin and cryptos often benefit from a renewed interest. 👉 Impact: possible increase in BTC price, which indirectly benefits miners.
📝 In summary
100% Deduction Increases miners' margins and cash flow Taxation only at sale Reduces tax complexity and improves net yields Reduction of solar subsidies = increase in green energy costs Inflationary stimulation Potentially bullish for BTC price
👉 Tax cuts for miners = positive for their profitability, increase in costs related to solar energy = limits certain benefits.
Glassnode stated that Whale Dominance is Strengthening in Bitcoin: Consistent Transactions are Being Made!
While transaction activity on the Bitcoin (BTC) network has significantly decreased recently, it has been revealed that the dominance of large investors, or whales, over the network is steadily increasing.
According to a report published by crypto analytics firm Glassnode, the number of Bitcoin's on-chain transactions has sharply declined in recent months. While daily transaction numbers reached 734 thousand in 2023, from the beginning of 2025, these figures have decreased to between 320 thousand and 500 thousand, hitting the lowest levels in recent years.
The primary reason for this decline is attributed to the significant reduction of non-monetary activities such as Inscriptions and Runes, which increased transaction volume last year. However, despite the drop in transaction numbers, it appears that the average transaction size has significantly increased. This situation indicates that large investors continue to make high-value transactions on the network.
According to Glassnode data, an average of 7.5 billion dollars worth of transactions occurs daily on the Bitcoin blockchain. The average amount per transaction has reached 36 thousand 200 dollars. The share of transactions over 100 thousand dollars in total volume has risen from 66% to 89%, while small-scale (under 100 thousand dollars) transactions have decreased from 34% to 11%.
On the other hand, off-chain activity is significantly increasing. The daily trading volume in the futures market on centralized exchanges hovers around 57 billion dollars, reaching peaks of 122 billion dollars. Glassnode indicates that the spot Bitcoin ETFs launched in the US in January 2024 have played a role in this transformation.
As a result, while the number of transactions on the Bitcoin network is decreasing, the influence of large investors on the blockchain has never been stronger.
Short term: The price shows signs of a rebound with a move above the MA7, an increasing RSI, and rising volume. This may indicate a continuation of the upward movement towards the next resistance (MA25 around 15.43 USDC).
Medium term: The underlying trend remains bearish as long as the price does not break above the MA25 and confirm a sustainable reversal.
Key levels to watch:
Support: 12.33 USDC (last low)
Resistance: 15.43 USDC (MA25), then 31.1 USDC (previous horizontal level)
Caution remains advisable:
Caution remains advisable as long as the price has not confirmed a reversal above the MA25. Technical indicators are improving, but the underlying trend remains fragile. Monitoring the evolution of volume and RSI will be crucial to validate the continuation of the rise or a potential return to the downside.