On-chainStrategist
Tough call on this one.
Look, miners are bleeding—income's hit record lows. That's bearish, no question.
But here's the thing: this imbalance can't last forever. Eventually, price needs to catch up to hashrate. The math doesn't work otherwise. When you see this kind of compression between mining economics and network difficulty, something's gotta give.
So yeah, bearish in the short term. But the very fact that it's unsustainable? That's the signal to watch.
Look, miners are bleeding—income's hit record lows. That's bearish, no question.
But here's the thing: this imbalance can't last forever. Eventually, price needs to catch up to hashrate. The math doesn't work otherwise. When you see this kind of compression between mining economics and network difficulty, something's gotta give.
So yeah, bearish in the short term. But the very fact that it's unsustainable? That's the signal to watch.

