📉 Bitcoin mining profitability has declined for the fourth consecutive month
Pressure continues on Bitcoin miners, with mining profitability falling by 14% in November compared to October, and by 20% year-over-year, according to JPMorgan analysis. This downward trend highlights real challenges facing the sector after the recent halving, increasing network difficulty, and declining transaction fees compared to peak periods.
What does this mean for the market?
High-cost companies face the risk of margin pressure.
The likelihood of an increase in mergers and acquisitions within the mining sector.
Large miners will continue to dominate due to efficiency and operational strength.
Despite this, historical profitability declines have preceded price recovery periods with improved market conditions.
The sector is undergoing a sorting phase... and the survivors are the most efficient. ⚡
