Bitcoin miners show no signs of “capitulation” despite their revenue falling to 14-month lows following the halving event in April. In an April 30 post to X, CryptoQuant CEO Ki Young Ju said that following a drop in revenue to levels post having, Bitcoin miners now face two options, capitulation or await growth in the price of Bitcoin to cover their costs.
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6 sats \ 0 replies \ @Satosora 1 May
They have never stopped.
Dont many of the mining companies still keep a reserve of btc?
They only sell the amount they have to to cover their costs, and bank the rest?
Does anyone even remember a time when the blockchain wasnt being updated?
I dont.
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0 sats \ 0 replies \ @TheBTCManual 1 May
Well they made a bunch from the ordi craze and prices have been up well over the 200 DMA and with more liquidity from the ETF helping access cash, so i'm sure many miners have built some considerable runway planning for the halving
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