Miner revenue sent to exchanges for Bitcoin has reached a new all-time high of 315%, according to Glassnode, a blockchain data analytics firm. The combination of high hash rates, increased difficulty, and rising energy prices has negatively impacted mining profitability. As the next halving event approaches, miners may be looking to sell their BTC holdings to maintain operational viability. The article also mentions that the author, Edyme, is a mysterious figure in the crypto world.
AI Sentiment: Negative