BlockBeats News, June 17th, CryptoQuant analyst Darkfost stated that after a recent Bitcoin price recovery, miner sell pressure has returned, reflected in a significant increase in miner inflows to Binance.

Darkfost pointed out that miner hash rate has dropped by about 28% since the end of October last year, accompanied by a 20% difficulty adjustment. Currently, the production cost is about $76,000 while the Bitcoin trading price is about $65,000, causing the majority of miners to operate at a loss and be forced to sell their coins.