#Bitcoin❗ miners are selling everything.
Why? It now costs up to $80,000 to mine 1 BTC.
BTC price? $70,800.
Miners are literally losing money on every coin.
What does this mean?
→ Miner selling = extra supply hitting the market
→ Less hash rate = network becomes “cheaper” to attack
→ BUT historically miner capitulation = market bottom incoming
It was 3 months before the biggest bull run in $BTC history.
Coincidence? 👀