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