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BTC The financial pressure on Bitcoin miners has eased, and the recovery of online computing power and income has significantly reduced selling pressure.
As Bitcoin miners gradually get rid of the financial difficulties of recent months, the recovery of online computing power and the increase in mining revenue have significantly alleviated the selling pressure on the market. According to a recent report released by online data analysis platform CryptoQuant, Bitcoin (BTC) miners are showing signs of emerging from a long difficult period.
The dual driving force of recovery in computing power and price rebound
The Hashrate of the Bitcoin network has increased from 899 EH/s on July 31 to 962 EH/s. At the same time, the decline in computing power has also narrowed significantly, from 18% on July 28 to 13%. One of the key factors in this recovery is the rise in Bitcoin prices. Bitcoin, which previously fell to $58,000 in July, grew in value by about 45%, climbing to more than $83,000.
Mining revenue has improved significantly
The price increase has directly increased miners 'income. Total daily mining revenue, including block rewards and transaction fees, increased by 78%, from US$27 million to US$48 million over the same period. Although the seven-day average revenue generated by transaction fees increased from $195,000 to $275,000 and is still well below block rewards, the increase in transaction fees has also contributed to the recovery of overall revenue.
Miner selling behavior significantly reduces
CryptoQuant's data also shows a significant shift in miners 'profitability. Although mining revenue was extremely low between May and August, with Bitcoin reaching US$76,000 on August 21, miners re-entered a stage where they could make reasonable profits. With the improvement of profitability, the selling pressure on Bitcoin from miners has been significantly reduced. The report shows that since August 21, there have been no unusual large new outflows in miners 'wallets.
The early active group of miners also supported this trend. In September this year, the miners extracted about 600 BTC, compared with about 2,000 in January. As a result, outflows in September were only about one-third of those in January. On the other hand, the total balance of large miners 'addresses holding 100 to 1,000 bitcoins has stabilized at around 51,000 BTC since early September. Compared to the December 2025 level of 64,000 BTC, the total assets of these addresses have decreased by approximately 20%.
The content of this article is for reference only and does not constitute investment advice.
