CryptoQuant analyst: Bitcoin miners’ financial pressure is worsening, and the situation is nearing bear market levels

PANews July 18 reported that CryptoQuant analyst Darkfost posted that Bitcoin miners are currently facing severe operational pressure, with their financial condition indicators having fallen to the level of the historical bear-market high-pressure phase. Based on a multi-dimensional analysis of several data points, including miners’ issuance revenue, block time, transaction fees, and overall revenue, the miners’ financial health ratio (7-day average) is currently fluctuating within the 10% to 30% range. This reflects that mining firms’ profitability is under significant strain. This ratio typically shows similarly low performance near the peak of bear markets.
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