Bitcoin

Coin

<ul class="news-points">
 <li>Halving cuts block subsidies, leading miners to sell Bitcoin, causing potential market capitulation.</li>
 <li>Miners’ revenue from transaction fees has increased, reducing selling pressure and indicating a healthier market.</li>
 <li>Hash ribbon inversions and pure multiple metrics help assess miner stress and predict market trends.</li>
</ul>
The recent Bitcoin halving event has triggered a significant shift in the revenue landscape for miners, altering their strategies and potentially impacting the broader cryptocurrency market, according to a new analysis.
As highlighted by analytics firm Checkonchain in a YouTube <a href="https://www.youtube.com/watch?v=45mMw24588k" target="_blank" rel="noopener noreferrer nofollow">video</a>, the recent halving event has significantly shifted miners’ revenue sources, impacting overall market dynamics.
The halving, which reduces the block subsidy by half, forces miners to adapt their strategies. This reduction often leads miners to sell their accumulated Bitcoin to cover operating costs, potentially triggering a capitulation event. However, once the market recovers, hash ribbons — a metric indicating miner revenue strength — typically reverse direction, suggesting improved miner profitability.
Historically, miners have earned from both block subsid…
The post <a href="https://coinedition.com/bitcoin-halving-how-miners-are-adapting-to-a-new-revenue-reality/" rel="noopener noreferrer nofollow">Bitcoin Halving: How Miners Are Adapting to a New Revenue Reality</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Halving: How Miners Are Adapting to a New Revenue Reality

Coin Edition

Další články publikované 22. 6. 2024

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