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Miner Offloads $305M Bitcoin as Network Difficulty Sees Sharp Decline


by Wayne Jones
for CryptoPotato
Miner Offloads $305M Bitcoin as Network Difficulty Sees Sharp Decline

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Bitcoin mining conditions tightened sharply in late January and early February after network difficulty fell 14% over three weeks and publicly traded miner Cango disclosed a $305 million BTC sale over the weekend.

The combination of falling profitability metrics and selective balance sheet sales shows pressure spreading across the mining sector, even as broader on-chain data shows no signs of disorderly selling.

Read the article at CryptoPotato

In This News

Coins

$ 68.14K

-1.58%

$ 0.00259

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In This News

Coins

$ 68.14K

-1.58%

$ 0.00259

Share:

Read More

Bitcoin Miner Activity Reveals Surprising February Surge: 90,000 BTC Sent to Binance Signals Critical Market Shift

Bitcoin Miner Activity Reveals Surprising February Surge: 90,000 BTC Sent to Binance Signals Critical Market Shift

BitcoinWorld Bitcoin Miner Activity Reveals Surprising February Surge: 90,000 BTC Se...
Bitcoin Miner Activity Hits Highest Level Since 2024 with 90K BTC Sent to Binance

Bitcoin Miner Activity Hits Highest Level Since 2024 with 90K BTC Sent to Binance

Rising miner deposits to Binance signal near-term supply pressure despite whale accum...

Miner Offloads $305M Bitcoin as Network Difficulty Sees Sharp Decline


by Wayne Jones
for CryptoPotato
Miner Offloads $305M Bitcoin as Network Difficulty Sees Sharp Decline

Share:

Bitcoin mining conditions tightened sharply in late January and early February after network difficulty fell 14% over three weeks and publicly traded miner Cango disclosed a $305 million BTC sale over the weekend.

The combination of falling profitability metrics and selective balance sheet sales shows pressure spreading across the mining sector, even as broader on-chain data shows no signs of disorderly selling.

Read the article at CryptoPotato

In This News

Coins

$ 68.14K

-1.58%

$ 0.00259

Share:

In This News

Coins

$ 68.14K

-1.58%

$ 0.00259

Share:

Read More

Bitcoin Miner Activity Reveals Surprising February Surge: 90,000 BTC Sent to Binance Signals Critical Market Shift

Bitcoin Miner Activity Reveals Surprising February Surge: 90,000 BTC Sent to Binance Signals Critical Market Shift

BitcoinWorld Bitcoin Miner Activity Reveals Surprising February Surge: 90,000 BTC Se...
Bitcoin Miner Activity Hits Highest Level Since 2024 with 90K BTC Sent to Binance

Bitcoin Miner Activity Hits Highest Level Since 2024 with 90K BTC Sent to Binance

Rising miner deposits to Binance signal near-term supply pressure despite whale accum...