Broader economic concerns, including fears of a recession and stubborn inflation, rattled the crypto market, leading to a sharp recession. Bitcoin struggles under these conditions, which forced miners to sell more BTC to maintain operations.
As a result, increased sales pressure from miners exacerbated market instability.
Miners offload BTC to cover costs
Cryptoquant’s latest report showed that when Bitcoin temporarily fell to $77,000 on Monday, exchange transfers had increased significantly, indicating a rise in sales pressure. Historically, miners have tended to offload BTC as they decrease to cover operational costs, often strengthening downward momentum.
If this trend continues, it could hinder Bitcoin’s price recovery unless it meets strong buyer demand. The report states that miners act as forced sellers and have a direct impact on market liquidity. Increased sales at the bottom of the local area suggests a financial burden.
Bitcoin can stabilize when buyers absorb supply. However, continuing sales pressure from miners could lead to further declines. Market participants are closely watching whether demand offsets the increase in off-roading for miners.
While overall miners’ sales are on the rise, this does not necessarily mean that all miners are struggling. Some miners, especially those using newer, more efficient rigs, still make solid profits.
Despite the price drop, certain rigs are still profitable
The difficulty of Bitcoin mining has increased by 3% over the past two weeks, but Bitcoin prices have fallen by more than 11%, pushing the hash price upwards for a short time by $0.045 per day. This is the lowest level since November. Despite these headwinds, the latest generation of mining machines remain profitable, even those with energy efficiency above 20 W/T, such as the S19K Pro and the S19 XP.
According to the latest updates to Blockware Intelligence, some miners with newer models like the S21 can even benefit from even short-term price drops if weak machines unplug and reduce the difficulty of mining. Based on historical data, miner profitability is already generating more than 20% of the cost with the Antminer S21 Pro, which was purchased for $5,700 in August 2024.
With daily net income of between $5 and $6, Blockware estimated that these miners were on full track record with APY of 35% and return on investment by the second quarter of 2027.
It’s on sale by Post Bitcoin Miner. This is something you should know that it first appeared in Cryptopotato.
