🚨 BTC Miner Stress Alert: Profitability Takes a Hit
Bitcoin miners are feeling the heat. Mining returns have dropped to their lowest levels in over a year, with the Profit/Loss Sustainability Index now sitting in the “severely underpaid” zone — a level not seen since late 2024.
What’s causing the squeeze? It’s a perfect storm. Softer BTC prices are cutting into revenue, while harsh winter conditions have disrupted hashrate and pushed operating costs higher, especially across North America. For many miners, this isn’t just pressure — it’s a fight to stay alive.
Historically, periods like this are important. When miners operate at deep losses, weaker players are forced to shut down or offload reserves, allowing stronger, more efficient operators to take control. These moments tend to show up near late-cycle drawdowns, not market tops.
Put simply: the network is being tested. Inefficient miners get flushed, resilience rises.
When mining pain reaches extremes, markets are often closer to a reset than a euphoric peak.
So is this the final shakeout… or the kind of setup smart money quietly waits for?
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