An interesting move in the mining sector: while the hash price is falling, a large-scale Bitcoin mining company has sold $162 million worth of BTC. This decline in hashprice seems to have squeezed miners' profit margins, and we are seeing such selling moves that reflect this. The mining industry's response indicates how seriously current market dynamics and profitability pressures are being taken.

BTC-0,77%

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AltcoinMarathoner

· 01-08 19:35

ngl, when hashprice drops like this miners panic selling is predictable... but here's the thing - every cycle we've seen this exact pattern. they dump, weak hands fold, then we're back to accumulation phase within months. just like mile 20 in a marathon, everyone hits the wall but the real runners push through.

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SocialAnxietyStaker

· 01-07 16:55

Selling at $162 to escape, what is this implying... The hash price dropping to this extent is indeed unbearable.

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OnlyOnMainnet

· 01-07 16:40

162 million dollars worth of sell-off in one go, this is being pushed into a corner

Hashprice is so miserable that they have to cut losses, miners are really having a hard time

Another big player giving up, is this bear market never going to end?

Selling off so aggressively indicates that cash flow is indeed tight

Wait, is this a bottom signal? Big players are rushing to sell

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