, boosted by ETFs and capped off by its 4th halving. However, that’s not all as interestingly, there has also been a significant change in miner behavior.from CryptoQuant’s researcher revealed that miners have been sending approximately 374 BTC to spot exchanges daily over the past month. This amount was less than one-third of the daily average observed back in February.Contrary to what some would say, the Bitcoin halving event isn’t necessarily a doomsday scenario for miners.
What this means is that numerous mining firms are financially robust and ready to endure short-term profitability challenges. Maybe, smaller, less efficient miners may face difficulties post-halving. This, however, would likely result in industry consolidation., Founder of Morgan Creek Capital Management, believes otherwise though. He believes that Bitcoin’s halving event may be underestimated, with the potential for a significant supply shock.
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