Live markets: Bitcoin has traded below its mining cost for five months, squeezing miners
Hex37's read
- Bitcoin has been trading below its production cost for five months.
- This prolonged period is squeezing cryptocurrency miners.
- The current market conditions are challenging for Bitcoin miners.
What it means for traders
- Miners selling to cover costs could increase selling pressure on BTC.
- Potential for increased miner capitulation if prices don't recover soon.
Affected markets
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