Bitcoin

According to a recent market analysis, the Price-to-Earnings Ratio (PER) of Bitcoin, which is determined using miner income, has reached 73. For miners, who are essential in upholding the network&#39;s security and confirming transactions, this measure offers invaluable insights into the dynamics of the Bitcoin market.The PER formula is used to analyze the relationship between the annual miner revenue, divided by the total supply of Bitcoin, and the price of Bitcoin. Although miner <a href="https://ycharts.com/indicators/bitcoin_miners_revenue_per_day#:~:text&#61;Basic%20Info,17.04%25%20from%20one%20year%20ago." rel="noopener noreferrer nofollow">revenue</a> is not identical to miner net income, it does indicate repeated patterns that might assist in better comprehending the current situation of the industry.The major Co-founder and CEO of CryptoQuant.Com, a crypto analytic platform, shared a Twitter post providing insights on the current performance of Bitcoin:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ea85b14ace8349668542d0a890cf83cf.png" />A PER of 73 indicates that miners might be tempted to liquidate their holdings given the current Bitcoin price. Miners who create new Bitcoins through mining are motivated to sell their currencies for a profit. This increase in supply might impact the market sentiment and the general price. As a result, paying close attention to miner behavior and selling patterns is crucial.Read full article at <a href="https://cryptotale.org/bullish-market-cycle-and-attractive-selling-price-for-bitcoin-miners/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bullish Market Cycle and Attractive Selling Price for Bitcoin Miners

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