Hashrate recovery reduces Bitcoin miners’ selling pressure in July. Miner revenues soar 50%, pushing Bitcoin hashrate higher and reducing selling pressure from miners’ reserves.
https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1722478037099-YAKIHONNES3.webp
*Miners’ daily revenue. Source: CryptoQuant*