Bitcoin miners sold 115% of production in April, setting a new high since 2022
Internet reports that according to TheMinerMag's latest report, although Bitcoin hit a record high of $109,000 this week, miners were "forced to sell a record amount of BTC reserves last month." In April, public miners "sold 115% of their Bitcoin production","the highest proportion since the end of the bear market in 2022." Even in the context of rising Bitcoin prices,"hashprice (miners 'income per unit of computing power) has not yet followed up" and is currently only $55/PH/s, far lower than $63/PH/s in December last year.
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