CryptoQuant： Due to the decline in Bitcoin prices and the increasing difficulty of mining, miners are increasing their efforts to sell Bitcoin

According to Golden Finance, CryptoQuant stated in a report on Tuesday that as the price of Bitcoin fell below $80000, miners accelerated their pace of selling Bitcoin last week. The company stated that on April 7th, miners sold a total of 15000 bitcoins, which is the third largest daily outflow of the year. Based on the lowest price of less than $75000 on that day, the value is at least $1.12 billion. CryptoQuant stated, "Miners' profit margins have been squeezed by price declines, coupled with low transaction fees and record high Bitcoin network computing power, which means higher mining costs have led to their average operating profit margin dropping from 53% at the end of January to 33% today The company also pointed out that since November 2022, Bitcoin has been in one of the least optimistic stages. Bitcoin reached a high of nearly $109000 before President Trump's inauguration, but has struggled to break through $90000 since then.