Miner earnings hit a new high but profit margins are shrinking; this script is all too familiar—profits made in the bull market haven't even cooled down, and now the bear market test is back.

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CoinNetwork
Crypto界网消息,尽管 Bitcoin miners' earnings in May exceeded $1 billion for the first time, miners are facing new economic pressures as Bitcoin prices approach a key support level. According to NewHedge data, miners' revenue in May reached $1.09B, the highest monthly income this year, mainly from the 3.125 BTC block subsidy. Nevertheless, as Bitcoin prices fell 4.5% in early June, miners' profitability continued to deteriorate. The current Bitcoin price is close to the $65,000 support zone, and miners' daily average earnings have also dropped to approximately $30.77 per PH, down nearly 18% from $37.44 a month ago. If the current situation persists until the June 13 adjustment period, mining difficulty is expected to decrease by about 9%.
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