Svmuu News: CryptoQuant analyst Darkfost stated on X that Bitcoin miners are currently facing severe operational pressure, with their financial health metrics having fallen to levels last seen during the height of the bear market.Based on a comprehensive analysis of multiple data dimensions—including miner revenue, block time, transaction fees, and overall revenue—the miner financial health ratio (7-day average) is currently fluctuating within the 10% to 30% range, reflecting significant pressure on mining companies’ profitability.This metric has previously shown similarly low levels near the peak of bear markets. Analysts believe that against the backdrop of the block reward halving, continuously rising mining difficulty, and insufficient fee revenue, some mining companies may face even greater cash flow pressure.
As market competition intensifies, high-cost miners may be forced to shut down equipment, sell their BTC reserves, or seek financing, and changes in miner behavior could also become a significant factor influencing the market supply of Bitcoin.