ChainCatcher news, Bitget Research Chief Analyst Ryan Lee pointed out that due to uncertainties in tariff policies and rising U.S. Treasury yields, the volatility in the crypto market has intensified. BTC is expected to fluctuate in the range of $68,000 to $85,000 in the short term, while ETH is facing a test of support at $1,550. If it falls below this level, it could trigger approximately $480 million in liquidations.From a structural perspective, most miners use ASIC devices for mining, which have a relatively low cost per unit of computing power. The average mining cost for BTC is around $60,000 to $65,000, forming an important bottom support area for the price. Meanwhile, ETH's on-chain activity remains sluggish, with Gas fees staying low, reflecting weakened user participation and an overall fragile market sentiment.Against the backdrop of ongoing macro headwinds affecting risk assets, the short-term trend of the crypto market will depend on how investors interpret policy changes and the global liquidity environment. The coming weeks may become a key observation period for changes in market direction.

ChainCatcher news, Bitcoin Magazine disclosed on the X platform that this week, U.S. Bitcoin exchange-traded funds purchased a total of 8,775 BTC, while Bitcoin miners produced only 3,150 BTC.

ChainCatcher news, according to the official X message from the project, the computing power RWA project Miners.Club will officially launch its brand upgrade on March 13, 2025, and release the new computing power RWA ecological roadmap Hash Horizon 2025.The project will focus on "computing power equity" as its core vision, committed to deeply integrating real Bitcoin computing power assetization (RWA) with gamification and financialization models through technological innovation and ecological construction, providing users with a very low-threshold participation channel, and promoting the transparent, compliant, popular, and global development of the computing power economy.In addition, the C-end Bitcoin computing power RWA application developed by Miners.Club will also be launched in late March.

ChainCatcher news, CryptoQuant analyst @IT_Tech_PL wrote an analysis pointing out that miners tend to increase Bitcoin sales when the price of Bitcoin drops. When BTC fell to $77,000, the transfers from miners to exchanges surged.Forced sales by miners may affect market liquidity and indicate that they are facing financial pressure due to rising costs. Historically, miners have often sold more Bitcoin when prices decline to cover operational costs.

ChainCatcher news, crypto analyst Ali Martinez posted on the X platform revealing data that Bitcoin miners have not shown any selling behavior since February 28.

ChainCatcher news, IntoTheBlock posted on social media that last Sunday, the share of Bitcoin miners in the total on-chain transaction volume dropped to 2.4%, the lowest level since May 2023.

ChainCatcher news, according to RIA Novosti, in 2024, the Russian power company "Rosseti" suffered losses exceeding 1.3 billion rubles due to illegal connections to the grid by "black miners" and unmetered electricity consumption. Among them, "Rosseti North Caucasus" suffered the largest loss, exceeding 600 million rubles; "Rosseti Novosibirsk" lost 400 million rubles; and "Rosseti Central and Volga" lost 120 million rubles.The company reported that 130 cases of illegal connections have been investigated, and the cases have been handed over to law enforcement agencies, with over 40 criminal cases initiated involving charges that could lead to actual prison sentences. Illegal mining has also caused overloads in the power grid, leading to low voltage that could damage equipment and appliances. For example, in the village of Chapayevskoye in the North Caucasus, power companies and law enforcement discovered nearly 200 mining machines consuming over 12,000 kilowatt-hours of electricity.In addition, illegal mining sites are not only found in industrial areas but also involve various locations from containers on rented land to underground parking lots in residential complexes. The largest case occurred in Novosibirsk, where more than 3,200 mining machines were seized, resulting in losses from electricity theft amounting to 197 million rubles, and the suspects have been detained.

ChainCatcher news suggests that Bitcoin miners may be indicating a direction for a long-term rebound in BTC prices. Data shows that Bitcoin is exhibiting typical local bottom signals as miners are entering a new "surrender" phase. Analysis points out that the Bitcoin hash ribbon indicator is experiencing a triggering reversal.The hash ribbon is a well-known leading indicator often used to predict BTC price reversals at local lows. When the 30-day hash rate moving average (MA) falls below the 60-day MA, it indicates that miners are experiencing "surrender"—"when the cost of Bitcoin mining is relatively too high, miners are forced to shut down their machines." This situation is relatively rare and often occurs before a long-term rise in BTC prices.The last miner surrender period occurred in mid-October 2024, after which BTC prices broke through the historical high of $73,800 and soared to $108,000 in just two months.

ChainCatcher news, according to Cryptoslate, Russian legislator Anton Gorelkin posted on Telegram expressing concerns from Bitcoin miners regarding the government's requirement to include wallet addresses in a national registration system.Miners believe that if wallet address information is leaked, it could be exploited by geopolitical adversaries and lead to sanctions. In response, the Russian tax authorities stated that the relevant information is stored in an independent internal security system, with access strictly limited. Notably, this concern arises at a time when the demand for industrial-grade mining machines in Russia has tripled in 2024, and the government is promoting the establishment of a nationwide cryptocurrency mining equipment registration system.

ChainCatcher news, according to Bitcoin.com News, Russia has released new regulations for cryptocurrency mining, requiring miners to report their income by the 20th of each month, and only approved entities can operate mining businesses. The new regulations clearly state that individuals with a financial crime record will be prohibited from engaging in cryptocurrency mining activities.In addition, Russia will establish a national miner registration system to strengthen the regulation of the cryptocurrency mining industry.

ChainCatcher news, according to Cryptonews, due to the reduction of "humanitarian electricity" supply from Moscow to Abkhazia, it is expected that the emergency electricity provided by Russia will be exhausted by February 18. Abkhazia's only major hydroelectric power station has been shut down due to low reservoir water levels, and the government is unable to prevent crypto miners from continuing to operate large-scale mining farms through legal loopholes. Residents believe that law enforcement agencies are aware of the locations and owners of the mining farms but have not taken effective measures. This has led to anger among the Russian public and media regarding Abkhazia's energy consumption, as Russian taxpayers have to foot the bill, while domestic electricity prices in Russia are also rising.Timur Dzhindzholiya, head of the electricity supplier Chernomorenergo, stated that according to "Abkhazia's current consumption rate," the "electricity supply from Russia" can only "last until February 18." It is impossible to "extend" the emergency electricity supply for a "long time." Therefore, the provider has decided to extend the existing rolling blackout plan to six hours a day.

ChainCatcher news, the governance token MBC of the European crypto mining farm Miners.Club will officially launch on PancakeSwap on January 10, 2025, at 4 PM.It is reported that the crypto mining farm has invested over 300 million USD since 2019, building over 19.2 EH/S of real computing power, providing computing power to Binance and BitFuFu for many years. MBC, as the governance token of its computing power RWA trading ecosystem, aims to promote the decentralized circulation of real computing power, benefiting community users with mining rewards in an equitable manner.

ChainCatcher news, according to CoinDesk, Bitfinex analysts indicate that the Bitcoin miners' Net Unrealized Profit and Loss (NUPL) remains very optimistic, hovering around 0.5, which suggests that miners are still in a strong position, holding substantial unrealized profits, and are inclined to hold onto their Bitcoin at this stage.In the broader market, some traders are attempting to buy December 2025 ETH call options at prices as high as $11,000.