According to the latest data from blockchain analysis firm Glassnode, the current dollar-denominated miner revenue is still 150% higher than after the most recent halving event in May 2020. Miners currently earn about $207,000 per Exahash computing power, which is also higher than 40% more revenue during the last capitulation event of the 2018 bear market.
Since mid-February, the market has realized profits of around 13,300 BTC per day, and more profit realizations are typical bullish conditions, with an influx of new demand able to absorb supply and push prices higher.
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