FTX Drama Forces Miners to Sell

Will the peak panic of last week mark the end of the bear?

Last week was eventful to say the least. Even though many miners take custody over their coins and did not lose any, many were impacted by the price drop of Bitcoin. Margins were already low but are pushed to the extreme as a consequence of the FTX drama. In this week’s newsletter I will have a closer look at the reaction of miners to the price making a…