Bitcoin miners face a dilemma: revenue plunges, difficulty hits a new high, and a sell-off wave may be imminent

【Crypto World】Recently, the days of Bitcoin mining haven’t been easy. Data shows that miners’ weekly income plummeted by 11% to 502 BTC, while mining difficulty skyrocketed to a record high of 159 trillion — what does this mean? Profit margins have been completely squeezed out.

Even more disheartening is that short-term holders aren’t doing any better. Their paper losses are about 12%, as BTC has already fallen 30% from its peak. In this situation, many are asking the same question: how much more does it need to drop to bottom out?

On-chain data also reveals a warning signal — miners’ net position change has turned to -487 BTC. This number is very significant. It indicates that in an environment where market support is unstable and ETF fund flows are volatile, miners may be considering selling off. Some call this phenomenon “surrender-style exit,” which sounds quite bleak, but from a mining cost perspective, their choice is understandable.

The current question is: will miners continue to hold their positions, or will they collectively dump? The answer could influence short-term trends.