币界网报道：Bitcoin miners are experiencing financial strain due to rising operational costs and reduced profitability, yet selling pressure on BTC remains surprisingly low, according to recent market analyses. With the Bitcoin halving event cutting block rewards in half earlier this year, many miners are struggling to maintain margins amid high electricity expenses and competitive mining conditions. However, data shows miners have been holding onto their BTC reserves rather than liquidating, possibly anticipating higher prices. Some larger mining firms are also hedging risks through financial instruments or shifting operations to regions with cheaper energy. Analysts note that while smaller miners may face consolidation or shutdowns, the overall network hash rate remains stable, suggesting resilience in the sector. The current miner behavior contrasts with previous market cycles where steep sell-offs often followed profitability drops. Market observers are closely watching whether this trend of restrained selling continues as mining economics evolve.