Mining machine market released at the end of June

In the last week of June, the market "capitulated" again, and Bitcoin fell to $28,993, with a record loss of $3.45 billion. However, the price of Bitcoin has now recovered to around $35,000. In this situation, many people think that miners are the most panicked, but in fact, if they persist, miners are likely to still make a profit.

In the last week of June, a large amount of Bitcoin that was "underwater" was sold off. However, we found that almost all long-term holders made a profit! The data shows that the SOPR* of long-term holders is 1.95, which means that they have realized a profit of 195%. The realized profit has increased, which is because they are usually in a profitable state.

SOPR*: Spent Output Profit Ratio

Market report for popular mining machines in the fifth week of June: The latest data is from 2021.6.25 to 2021.7.01. The mining machine market reference is shown in the figure below.

Disclaimer: No fees are charged for the mining machines mentioned in this article.