Bitcoin miners are bleeding at $90,000, but the “death spiral” math hits a hard ceiling
Bitcoin’s “miners are dumping” story is comforting in the way simple stories always are. Price slides, miners run out of oxygen, coins hit exchanges, and the price is shoved around by a single, easy villain. But miners are not a single actor, and selling pressure isn’t just a mood. It’s math, contracts, and deadlines. When...
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