Bitcoin miners face revenue slump as MARA shifts $87M in BTC to exchanges
Bitcoin's slide below $70k has coincided with growing strain on miners, including a recent $87 million (1,318 BTC) transfer by MARA to centralized exchanges. With daily miner revenue down 36% year-on-year to $28.3 million and sell-off metrics hitting yearly highs, mounting miner pressure could limit the strength of any BTC price recovery.