Comment
Author: Admin | 2025-04-28
Crypto-mining -->-->-->-->-->--> It has been a couple of weeks since the halving. After all the celebrations of the unique event, Bitcoin market sentiment has soured, and profitability of Bitcoin mining is now at historic low levels. What trends are we seeing post-halving that are causing these thin margins? How do these trends affect Bitcoin miners? More importantly, what steps should miners take to stay profitable? With the 4th halving, Bitcoin’s supply issuance dropped from 6.25 BTC to 3.125 per block, reducing daily production from 900 to 450 coins a day. We are a couple of weeks into the new halving epoch. What kind of effects have we seen in the aftermath of the event? These are the 7 trends EZ Blockchain has identified: Record Streak of ETF Outflow Transaction Fees Drop Bitcoin Rune Hype Faded Hashprice Marking Historic Lows ASIC Bitcoin Miner Efficiency Matter Price of Used Bitcoin ASIC Miners Tumbles Network Hashrate Starting to Show First Signs of Capitulation Let’s delve into the details of these trends and learn how they affect miners. Record Streak of ETF Outflow The strong demand for spot ETFs after their launch was an important driver behind the price move from $40k to $75k. However, in the week after the Halving event, ETF holders began selling, leading to a record streak of seven days with net outflows. According to James Butterfill, head of research at CoinShares, the recent price correction has led to hesitancy from investors, resulting in much lower inflows into new ETF issuers in the US. The recovery of BTC price on March 2, resulted in a net inflow the next day putting an end to the record streak of outflows. Source: The six new crypto ETFs that started trading in Hong Kong provided some hope. The first spot Bitcoin and spot Ether ETFs launched in the region, but the trading volumes were quite lackluster. Total trading volume for the Hong Kong ETFs was slightly over $100 million. In comparison, the US debut for the Bitcoin ETFs saw more than $4.5 billion in trading volume on day one. Transaction Fees DropViaBTC hit
Add Comment