BTC miners income decline or will sell BTC to maintain operations

The latest data from crypto research and analysis firm Kaiko shows that bitcoin mines
Workers are under intense selling pressure. This is mainly due to bitcoin mining revenue
The drop in transaction fees and benefits has forced miners to consider selling bits
Coins to cover operating costs.
Bitcoin miners earn their income from two main sources: mining rewards and transactions
Cost. However, affected by the halving of Bitcoin rewards in April, miners
Our mining rewards have dropped significantly. Specifically, block rewards from 6.25
BTC dropped to 3.125 BTC, which means that the miners' income is directly reduced
Half of it. In order to cover the heavy expenses involved in the mining process, miners had to
Do not choose to sell Bitcoin.
In addition, transaction fees, another source of income for miners, also showed a decline
Trend. Based on data from the first week of May, miners get it from transaction fees
The profit is even lower than the mining income. This phenomenon has undoubtedly increased the miners
Economic pressures make it more likely that they will choose to sell bitcoin.
Analysts believe that in the current situation of declining market liquidity, miners
A Bitcoin sell-off could have a major impact on the crypto market. In order to
Marathon Digital, for example, holds a whopping amount of bitcoin
$1.1 billion, if a portion of that was sold, would be enough to spark the market
Fluctuate wildly.
In general, the declining income faced by bitcoin miners is likely to lead
A series of market reactions. This has implications not only for the miners' own operations
It could also have a profound impact on the entire crypto market. Therefore, this
This issue is of great concern to all who follow the cryptocurrency market.