# 矿企

On the chart is 70% of the supply that has not been traded over the past year, updating new all-time highs. If you look closely, except for the bottom blue line (the group that has held Bitcoin for more than five years and has not moved), at the peak of the price of the bull market, the remaining red, yellow and green lines correspond to the one-year, two-year, and three-year Bitcoin group, which is a reference indicator for the peak price of the bull market. There is also good news for Bitcoin miners, with mining revenues increasing and even hitting their second high of the year a few days ag

There is also a view in the market about bitcoin about miners, bitcoin mining companies have seen a sharp decline in related stocks, well-known mining stocks such as Cleanspark, Bitfarms, etc., have fallen between 15%-25%, this divergence is especially important considering the performance of bitcoin, bitcoin mining stocks are valued by the future cash flow generated by bitcoin. With the 2024 block reward halving, market speculation is that the price of Bitcoin will need to double in order to sustain these businesses, which is also a very real problem. Ethereum's gas fees have risen somewhat i