Glassnode: BTC miners have not conducted a “full-scale sell-off” and may now be in the break-even phase

Glassnode chief analyst James Check said in a second. This indicates a lower online hash rate and a slightly slower block generation rate.

A hash band reversal occurs when the 30-day moving average of the hash rate is below the 60-day moving average, indicating mining difficulty. This could be due to a number of reasons, including increased operating costs, falling Bitcoin prices, or problems with miners' equipment.

“Miners may be struggling here, they may not have fully entered the bear market level yet, they mine 10 Bitcoins and then sell 10 Bitcoins,” James said. “Mining companies must adapt and adjust fees to become their main source of income. to further innovate and apply effective capital management.”

How can you love another if you don’t love yourself?