Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.
source https://www.coindesk.com/markets/2024/07/05/as-bitcoin-bellyflops-to-54k-only-five-mining-rigs-remain-profitable-says-f2pool/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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