CryptoQuant Analyst Says Bitcoin Miners Face Severe Operating Pressure

CryptoQuant analyst Darkfost said Bitcoin miners are facing severe operating pressure, with a financial stress indicator falling to levels seen during past bear market extremes. According to ChainCatcher, the miner financial health ratio, measured by a seven-day average and based on issuance revenue, block time, transaction fees, and overall income, is currently fluctuating between 10% and 30%. The reading suggests miner profitability is under clear pressure and has historically only appeared near bear market peaks.