This is the most logical strategy for investors in the context of increasing bitcoin miner profits
Bitcoin miners have suffered badly from the mining ban in China, but have finally gained a foothold in the market. From there, their profits have grown and the large exodus seems to be coming to an end. The focus is now on investors, and how can they benefit in such an uncertain market?
Bitcoin miner profits are increasing
Over the past six and a half months, miners have increased their stocks significantly, accumulating 13,000 BTC during migrations, rallies, crashes, and consolidations.
As a result, they currently hold about 1,774 million BTC valued at $ 86.2 billion, which is greater than the value of Grayscale and the top 10 HODL institutes combined, which is valued at around $ 41.5 billion. 853,585 BTC).
Bitcoin Miner Assets | Source: Glassnode
The retail sale was observed for 1,360 BTC in late August. As the hashrate recovers quickly, its position keeps getting stronger.
The hashrate is currently only 37% from its all-time high in May and the mining difficulty is 26% away from the days leading up to the migration.
Bitcoin hashrate | Source: Glassnode
Although their sales fell nearly $ 3 million this month due to the sudden volatility, some consolidation could bring back profits.
Bitcoin Miner Earnings | Source: Glassnode
What should investors do?
Since the miners have built a strong position, investors might consider doing the same. In addition, the current market is volatile and the decision to move in any particular direction is not ideal. Continuing HODL is currently the best strategy.
And the good news is that investors have followed that strategy. Just this week, nearly 24.9,000 BTC pulled out of the exchange.
24.9k Bitcoins bought in a week | Source: Glassnode
In addition, Bitcoin’s profitable supply has grown to a safe level of 81%. This is the ideal level for taking profits on a market high or depreciation of 60%.
Profitable supply of Bitcoin | Source: Glassnode
We invite you to join our Telegram for faster news: https://t.me/coincunews
Annie
According to Ambcrypto
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Author
Bitcoin
This is the most logical strategy for investors in the context of increasing bitcoin miner profits
Bitcoin miners have suffered badly from the mining ban in China, but have finally gained a foothold in the market. From there, their profits have grown and the large exodus seems to be coming to an end. The focus is now on investors, and how can they benefit in such an uncertain market?
Bitcoin miner profits are increasing
Over the past six and a half months, miners have increased their stocks significantly, accumulating 13,000 BTC during migrations, rallies, crashes, and consolidations.
As a result, they currently hold about 1,774 million BTC valued at $ 86.2 billion, which is greater than the value of Grayscale and the top 10 HODL institutes combined, which is valued at around $ 41.5 billion. 853,585 BTC).
Bitcoin Miner Assets | Source: Glassnode
The retail sale was observed for 1,360 BTC in late August. As the hashrate recovers quickly, its position keeps getting stronger.
The hashrate is currently only 37% from its all-time high in May and the mining difficulty is 26% away from the days leading up to the migration.
Bitcoin hashrate | Source: Glassnode
Although their sales fell nearly $ 3 million this month due to the sudden volatility, some consolidation could bring back profits.
Bitcoin Miner Earnings | Source: Glassnode
What should investors do?
Since the miners have built a strong position, investors might consider doing the same. In addition, the current market is volatile and the decision to move in any particular direction is not ideal. Continuing HODL is currently the best strategy.
And the good news is that investors have followed that strategy. Just this week, nearly 24.9,000 BTC pulled out of the exchange.
24.9k Bitcoins bought in a week | Source: Glassnode
In addition, Bitcoin’s profitable supply has grown to a safe level of 81%. This is the ideal level for taking profits on a market high or depreciation of 60%.
Profitable supply of Bitcoin | Source: Glassnode
We invite you to join our Telegram for faster news: https://t.me/coincunews
Annie
According to Ambcrypto
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Other Posts
Related Posts
Latest
Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing ReturnsÂ
Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory
Decoding BDAG’s AMA: A Blueprint for Scalable Blockchain and Enhanced Community Ties
Press Release
Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing ReturnsÂ
Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory
