ChainCatcher news, Matrixport released a chart stating that since the halving in April 2024, Bitcoin mining daily revenue has significantly decreased from $70 million to $31 million. However, mining stocks have performed relatively well, slightly lagging behind Bitcoin but overall better than expected. As revenues gradually bottom out, mining stocks may see a rebound.Many mining companies have chosen to hold Bitcoin inventories, reducing sales on exchanges, which has alleviated market selling pressure. This strategy not only provides shareholders with Bitcoin operational leverage but also increases inventory leverage. MicroStrategy shareholders have reaped substantial returns using a similar strategy.

ChainCatcher message, CryptoQuant research director Julio Moreno stated: "After the Bitcoin halving, smaller miners are selling Bitcoin, while larger miners are accumulating Bitcoin. This aligns with the reports from large publicly listed mining companies: reserves are increasing, and some have even bought Bitcoin."

ChainCatcher news, Binance CEO Richard Teng posted on the X platform stating that the market is cyclical, and experiencing ups and downs is not uncommon. It is very important to focus on the long term when making investment decisions. Here’s a reminder that it has only been 3 months since the most recent Bitcoin halving. This is not financial advice, DYOR. At the end of the article, there is an image showing the Bitcoin price increase 6 to 12 months after each halving, including a 7043% increase one year after the 2012 halving, a 289% increase one year after the 2016 halving, and a 559% increase one year after the 2020 halving.

ChainCatcher message, according to on-chain information, the fourth Bitcoin halving block rare satoshis epic sats has once again inscribed the rune at block height 850,964, named REAL•EPIC•RUNE.It is reported that the total amount of this rune is 10 billion, fully pre-mined, and currently has not been distributed.

ChainCatcher news, according to The Block, Bitwise CIO Matt Hougan stated that the current selling pressure is a one-time event, causing a short-term liquidity shock, and the typically low liquidity seasonal period for cryptocurrencies is about to end.In contrast, the inflow of Bitcoin spot ETFs, the Bitcoin halving, the shift in political attitudes towards Ethereum spot ETFs, and the prospects of Federal Reserve rate cuts all create a better long-term environment for cryptocurrencies. Coupled with the strong growth of the stablecoin market, Layer 2 development, and increasing participation from institutions like BlackRock, the right development mix in the second half of the year could easily push Bitcoin to $100,000 and drive ETH to new all-time highs.

ChainCatcher news, according to crowdfundinsider, Coin Metrics released a report analyzing the current state of the Bitcoin mining market, which pointed out that since the Bitcoin halving in April, Bitcoin mining profit margins have been under pressure due to stagnant BTC prices and a sluggish fee market, although short-term on-chain congestion has alleviated some revenue pressure. On April 20, the Bitcoin block reward was reduced from 6.25 BTC to 3.125 BTC, and the hype around runes gradually faded in the following weeks, making May and June very difficult months for miners.The Coin Metrics report also mentioned that Bitcoin mining companies are about to enter an era of consolidation, where well-funded miners will acquire the assets of less efficient operators. Coin Metrics concluded that "to survive the impacts of efficiency improvements and competitive pressures, mining companies must look to the future, while the long-term trend of BTC prices remains an unpredictable input for a highly capital-intensive business model."

ChainCatcher news, according to The Block, data shows that following the block reward halving event on April 20, the revenue earned by Bitcoin miners per TH/s (7-day MA) has hit a historic low in the past two months.In addition to the halving, another possible reason for the decline in miner revenue is the reduced number of new wallets entering the Bitcoin ecosystem, which is currently at its lowest level since 2018 (7-day MA).It is worth mentioning that the mining company CleanSpark continues to perform well, with its stock price outperforming Bitcoin so far this year. Additionally, the stock prices of Bitcoin mining companies Bitfarms and Core Scientific have also exceeded that of Bitcoin, although smaller mining companies have been struggling.

ChainCatcher news, according to data from IntoTheBlock, since June, Bitcoin miners have sold over 30,000 BTC (approximately $2 billion), the fastest pace in more than a year. The recent halving has led to a decline in profits, triggering this sell-off.

ChainCatcher news, according to Cointelegraph, BlocksBridge Consulting analyzed the financial gains of 12 publicly listed Bitcoin mining companies, of which 10 raised a total of $2 billion through equity financing activities. These companies raised $1.25 billion in Q4 2023.Marathon Digital, CleanSpark, and Riot Platforms were the companies that raised the most funds in the previous quarter, accounting for 73%. As of the end of March, the three companies held a total of $1.33 billion in cash and over 32,200 Bitcoins.Financing activities in Q2 2024 may decrease, as of May 15, investments in the stocks of major publicly listed Bitcoin mining companies were less than $500 million.

ChainCatcher news, 10x Research posted on the X platform stating that two months ago, 10x Research expressed the view that after the Bitcoin halving, the crypto market would enter a downturn rather than an upturn. Currently, some data indicators are confirming this judgment.From the beginning of this year to the halving (April 20), approximately $42 billion of liquidity flowed into the crypto market. However, since the halving, the inflow of stablecoins has seen almost zero growth, and the leverage ratio of Bitcoin futures has also significantly decreased.

ChainCatcher news, as Bitcoin completes its fourth halving, the first global offline event of BTC Summer will be grandly held on May 8 in Hong Kong. This event is co-hosted by Wizz Wallet, CKB Eco Fund, and OpenStamp; supported by OKX Web3, OKX Ventures, and BITMAIN; and sponsored by Beosin, Card3, Lightec, and Atomicals Market.It is reported that this event aims to showcase high-quality projects of L1 and L2s to Bitcoin enthusiasts and industry elites worldwide, envision the grand vision of the Bitcoin ecosystem, and explore its practical applications.In addition, heavyweight guests will attend, including Melody He, co-founder of Spartan Group; Jenny Cheng, VP of Animoca Ventures; Jason Lau, CIO of OKX; Ben Charbit, CEO of Darewise and special council member of Opal Foundation; William Fang, senior investment manager of Sora Ventures; Xmei Lin, head of BITMAIN PoW ecosystem; Kiwi, senior researcher of OKX Ventures; Brian Laughlan, co-founder of Ordinalsbot; Brutoshi, co-founder and CEO of Wizz Wallet; Baiyu, head of CKB Eco Fund; and Rick, head of Partnerships at OpenStamp.

ChainCatcher news, according to official sources, the Bitcoin NFT Blob team announced the engraving of the rune EPIC•EPIC•EPIC•EPIC on the fourth halving block epic. It is reported that the total amount of this rune is 1 billion, with 950 million pre-mined.