What is Nostr?
JudgeHardcase / Judge Hardcase
npub1k7v…7ehv
2024-10-22 13:26:59
in reply to nevent1q…y0gz

JudgeHardcase on Nostr: My guess is miners. My sense is that the industry has been particularly cutthroat ...

My guess is miners. My sense is that the industry has been particularly cutthroat since the halving in April; but that over the preceding year+, the rapid rise in value of their BTC reserves has provided them with quite the war chest to slowly sell off in order to sustain operations during a down and/or chopping sideways market... at least for a while.
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npub1k7v6uflqxu9js45e8ek53u2azefe6j49r7lna0da90zq7c9y6f0q8x7ehv