Why Bitcoin Miner Revenues Are The Biggest Bear Market Loser

Bitcoin miner revenues have been in decline since the bear trend began and this has led a good number of miners to sell their BTC holdings in order to keep their operations afloat. However, the expectation that the bear market would soon resolve and miners would once again be in the green has since gone out the window. With miner revenues continuing to plummet, miners may have to resume selling off their holdings to keep up with the market. Miner Revenues Fall For the past week, there has been no change in the downtrend in miner revenues. On-chain metrics show that it was down 0.59% from....

Bitcoin miner revenues have been a hot topic of discussion in the last three months. It mainly follows the decline in cash flow of mining machines due to the drop in the price of BTC, and that has adversely affected the revenues of bitcoin miners, seeing them drop to yearly lows. However, as the market has recovered some of its lost value, bitcoin miners are starting to fare better in terms of revenues, which could be the plug to the recent sell-offs. Miner Revenues Grow Bitcoin daily miner revenues had dropped to the $17 million level during the lowest point. At this time, bitcoin miner....

Data shows the growth in the Bitcoin miner revenues has slowed down during the past week as the price of the crypto has been moving sideways. Bitcoin Miner Revenues Rose During The Last Seven Days, But By Only 1.6% As per the latest weekly report from Arcane Research, the BTC miner revenues have now stagnated […]

Data shows Bitcoin miner revenues have been coming under stress recently as they are now making 61% less than the average during the last year. Bitcoin Miner Revenues Come Under Pressure As Puell Multiple Sharply Drops As per the latest weekly report from Glassnode, the miner income contraction right now is greater than during the […]

Puell multiple is an indicator that has historically given hints about previous Bitcoin cycles, here’s what it says about the current bear market. Bitcoin Puell Multiple Has Been Going Up During The Last Couple Of Months According to the latest weekly report from Glassnode, miners are currently raking in just 63% of the revenues of last year. The “puell multiple” is a metric that measures the ratio between the current Bitcoin miner revenues, and the 365-day moving average of the same. What this indicator tell us is how the miner revenues right now compare with the average....