In May 2025, Bitcoin miners achieved $1.52 billion in revenue, a significant increase. Despite high earnings, the average cost to mine a Bitcoin sits at around $91,105, leading to the possibility of miner sell-offs if BTC prices dip.
Historically, when miners shift coins to exchanges, it often precedes market corrections. The Miner’s Position Index indicates potential sell-offs may be on the horizon, particularly if BTC continues to fluctuate near production costs.
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