Bitcoin Miners on the Brink: Will Rising Revenues Sustain the Market or Trigger a Sell-Off?

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Miners are currently at breakeven (fairly paid), and there is an upward trend, which is a positive sign for the market. This suggests their revenues are increasing slightly, as shown in the chart below.

If Bitcoin's price remains above $59K, miners will unlikely exert selling pressure on the market. However, if the price drops, they may be forced to sell at a loss to cover operational costs.