BTC mining companies continue to "dump" over 15,000 BTC, worth about $18 million.

Currently, BTC's market price is over $60k, but do you know what the mining cost is?

It’s close to or even exceeds $80k. That means for every BTC mined, they are losing $20,000!

Plus electricity costs, equipment depreciation, debt interest—if they don’t sell the coins, their cash flow will be cut off immediately.

Therefore, many mining farms are continuously selling BTC and shifting to AI computing power. They don’t have time to wait for BTC to surge; they can only transform to seek stable cash flow.

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Does this have any impact on the crypto market?

- The selling pressure is real.

These over 15,000 BTC hitting the market is no small amount.

This is also one of the reasons why BTC has been stuck around $70k recently and can’t go higher.

- It’s a kind of industry reshuffle.

In the long run, it’s actually an opportunity.

Essentially, when mining companies sell coins, it’s not necessarily because they are pessimistic about the future, but because they might not survive until the future.

After the bear market reshuffle, computing power will concentrate among the top players. The remaining are those with lower costs and better management.

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