Miner revenue took a substantial hit as price failed to move north.
The network difficulty has increased by over 6%.
Bitcoin network fundamentals are stronger than ever, according to CryptoQuant's exec.
Bitcoin's mining difficulty level rose to an all-time high as miners deploy more machines to capitalize on recent spike in…
Bitcoin miners are also seeing an increased revenue.
Riot Blockchain hit an all-time high of 9.7 EH/s in hash rate capacity and mined 5,554 BTC in 2022.
Daily BTC mining revenue soared from $10 million on Christmas Eve to $23.8 million on January 29.
There has never been a quieter period for Bitcoin markets as volatility has declined to an all-time low.
The metric flashed a buy signal a few months back but has failed to capitalize for the first time.
A tried and tested technical indicator is flashing bad news for BTC miners as a hash ribbon reversal spells a…