Can you elaborate on what you mean “With mining costs going up, margins going down, trend on sell off.”

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See: https://njump.me/nevent1qqsvnus6n2qjs585cwspd5kn84hqleu8ftdxx6prt9mng7x0kyxtqygzyzf33zg869j98q0ktaq2u9ncmqngn69252uvtwp8k9wu9eslzdgnsqcyqqqqqqgpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqgdwaehxw309ahx7uewd3hkcwaqfd4

Miner reward is ~3.25 BTC. It was reduced in 2024.

Revenue is down. Cost is see link. Margin is down due to previous 2.

Sell off by miners. See link.

So many here treat #btc as religion. Everyone has the right to believe whatever they want to believe.