Bitcoin experiences the largest drop in history, is there a risk of a sell-off? Miners' profits plummet MARA Holdings dumps Bitcoin, what signal does this send to the market?
- The sell-off of a large amount of Bitcoin may also create short-term pressure on market prices. Bitcoin mining company MARA Holdings has recently taken a notable financial step by deciding to sell 15,133 BTC during the period from March 4 to March 25, raising approximately 1.1 billion USD to simply take profits, which serves the restructuring strategy.
- A new report from CoinShares shows that the Bitcoin mining industry is facing an unprecedented difficult phase. In Q1/2026, the hash price has dropped to around 28–30 USD/PH/s/day, the lowest level since the halving.
- Meanwhile, mining costs have surged. By Q4/2025, the average cost to mine 1 BTC has reached 80,000 USD, causing 15%–20% of global mining capacity to be unprofitable.