Bitcoin ($BTC) miners are now going through a significant financial pressure. As per the data from the CryptoQuant Analyst IT Tech, the Bitcoin miners’ profit/loss sustainability statistics are showing a warning signal as they are considerably underpaid. The crypto analyst provided an overview of this alarming scenario in a recent post.
$BTC Miners Become Highly Underpaid, Raising Concerns Regarding Liquidations
IT Tech’s analysis points out that while $BTC miners are currently highly underpaid, their revenue loss is massive in comparison with operational costs. In this respect, since the year 2024, there have been several phases when Bitcoin ($BTC) miners saw the peak underpayment levels. This typically triggers concerns about likely sell pressure, because miners may become compelled to ultimately liquidate their holdings to meet expenses.
Nonetheless, the data concerning the $BTC miners’ selling power discloses that, irrespective of underpayment, they possess a little amount of $BTC to sell. Hence, the majority of the reserves have potentially been consumed during the former cycles or throughout the 2024 bull run when price jumped near $115K. Keeping this in view, amid the undeniable pressure on $BTC miners the structural hazard of substantial sell-offs is minimal at present.
Miner Wallets Own Little $BTC Amount, Decreasing Risk of Major Sell-Offs
According to the CryptoQuant analyst, Bitcoin miners are now facing a paradoxical situation, as despite the enormous financial pressure and underpayment, the amount of $BTC coins in their possession for sell-offs is very low. Simultaneously, the present price of the flagship crypto asset is $101,000. Therefore, overall, while miners are squeezed with their wallets comparatively empty, market members may not witness a huge miner-led downturn at the moment. In the meantime, the market onlookers will be closely watching for the future risks of this increasing miner underpayment.
