What Happens To Bitcoin Miners If Price Keeps Dropping?
Bitcoin miners have been in a bind for a while now. When the price of the digital asset dropped, it inadvertently affected the cash flow and profits made from mining activities. Hence a lot of miners have had to sell off their BTC holdings to make ends meet. Public miners have not been left out of this. With payments becoming due and the miners pulling in less money due to market prices, public miners are slowly but surely headed for a liquidity squeeze.