Every crypto bear market has seen Bitcoin miner operations capitulating to stay financially afloat. This capitulation often marks a bottom for BTC and the crypto market, allowing it to consolidate before breaking into new highs.
However, the current Crypto Winter could be unlike others regarding selling pressure from Bitcoin miner operations. These entities have been selling their BTCs less intensively than in previous years, hinting at sector maturation and growth in the nascent industry.
Bitcoin Miner Operations Are Enduring The Bear Market
According to an Arcane Research report, the Bitcoin network continues to increase its hashrate. This data suggests that more and more Bitcoin miner operatives are joining the blockchain despite the downside pressure in the market.
The firm claims that the increment in…
