Bitcoin Network Costs Decrease by 90 Miners May Continue Selling

Kaiko Research’s recent report shows that due to reduced rewards and a sharp decline in network fees, Bitcoin miners may continue to sell their assets.
After the halving, the network fees for Bitcoin decreased by 45% in the 90 months, from $5 in March 2024 to $2.75 to $3.25.
In addition, the halving event also led to a decrease in block rewards from 6.25 BTC to 3.125 BTC, while mining costs increased.
Furthermore, the relatively stable price of Bitcoin provides some economic relief for miners.
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In response, Marathon Digital sold 390 BTC in XNUMX and plans to sell further. If more miners join, this could lead to a drop in the price of Bitcoin. Some miners are diversifying their activities, such as
Mining other cryptocurrencies
Cato
Caspar (KAS)
.
Financial pressures leading to industry consolidation
Attempts
Riot Blockchain’s acquisition of Bitfarms Ltd. and
Acquisition
Grid infrastructure company provided by CleanSpark for $15.5 billion.
As miners adapt to these challenges, we may see more strategies for mergers and acquisitions aimed at maintaining the industry’s profitability.