Will the rise in Bitcoin price give relief to BTC miners?

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It is no secret that bitcoin mining activity is very important for the bitcoin ecosystem, as this activity provides a greater boom to the transactions that take place in the network, so it also ends up having a positive impact on the price of BTC, as experience has shown that mining activity based on BTC is a guarantee for BTC reserves.

This rebound in bitcoin prices clearly provides a respite for BTC miners, since only a few weeks ago when the cryptomarket was in a bearish reality in its prices, it was very difficult to maintain liquidity in the cryptomarket, this bad situation of miners made them unable to meet their costs for such activity, This meant that they had to sell their BTC reserves just when prices reached minimums, so some were about to declare bankruptcy, and for the current scenario, which although it is not a bullish scenario, it does maintain prices that make the BTC mining activity feasible.

However, not all of them almost went bankrupt, but they managed to experience it, we have the case of Core Scientific which had to declare bankruptcy because the low prices of BTC did not allow them to afford their mining activity, now that for the beginning of this year the price situation has improved I only hope that the mining activity of BTC can stabilize and improve more and more.

As a conclusion I can add that these BTC prices lower the selling pressure of the miners, as it makes the business a little more profitable, however it is very important that we follow up to see what is the trend in the coming months by the miners, because although it is not necessary to sell all their reserves, we do not know that the new prices are attractive for them to sell a large part of their reserves.