On June 24, 2025, on-chain data revealed a decline in Bitcoin miners' profitability, potentially influencing market behavior. The 'Miner Profit/Loss Sustainability' metric has decreased, signaling financial strain on miners. (Source: Internal data, June 24, 2025)
Historically, reduced profitability has led to miner sell-offs. However, the 'Miner Selling Power' metric indicates a decrease in selling activity. The Bitcoin hashrate has also recently declined, reflecting miners scaling back operations. (Source: Internal data, June 24, 2025)
Bitcoin's price on June 24, 2025, was $104,846, with an intraday high of $105,934 and a low of $100,055. This context highlights the immediate impact of miner profitability on the broader market. (Source: Internal data, June 24, 2025)