Markets· ★★★· bullish·

CryptoQuant: Bitcoin miners exit stress zone as daily revenue rebounds 78%

  • —Network hashrate rose from 899 EH/s on July 31 to 962 EH/s
  • —Miners' daily revenue increased from $27 million to $48 million
  • —Since August 21, miner profitability shifted from 'severe underpayment' to 'reasonable earnings'
  • —No extreme miner outflows, with large miners' balances stabilizing
Why it matters: Stabilizing miners reduce the risk of forced BTC selling and support market supply.
#BTC
Source: PANews
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