Are Bitcoin Miners Suppressing Price? (BTC Market Update)

Опубликовано: 21 Июнь 2024
на канале: _checkonchain

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Bitcoin mining is a ruthless industry, and the hash ribbons are currently inverted to signal a miner capitulation is underway. How bad is it, and is miner sell-side suppressing the Bitcoin price?

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Timestamps:
00:00 Introduction
03:06 Miner Revenue and the Halving
05:25 Mechanics of Miner Income Stress
09:19 The Puell Multiple
12:27 Hash Ribbons Have Inverted
15:49 Mining Pulse Signals Stress
17:38 Dominant Mining Pools Conclusion

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About _checkonchain:
We believe Bitcoin is one of the most important assets of our time, providing investors with a reliable and secure store of value. However, one of the biggest challenges is that Bitcoin's volatility creates uncertainty, especially for those unfamiliar with the way the market trades and moves.

At _checkonchain, we help you navigate this volatility, by bringing together years of market analysis experience, and a unique perspective rooted in the study of Bitcoin’s blockchain data (onchain analysis). We provide traders and investors with expert guidance on current events, as well as frameworks for making data-driven decisions.
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DISCLAIMER
Despite mankind's best efforts, none of us can predict the future, and events which have come before are in no way an indication of what may come next. All methods and concepts presented in this series shall be taken as educational, informational, and for entertainment purposes only. Nothing shall be interpreted or considered as any form of financial or investment advice of any kind. The viewer is solely responsible for their own decisions.