Bitcoin Miner Selling Pressure Abates as Daily Revenues Jump 78% to $48 Million

Bitcoin miner selling pressure has receded as daily industry revenues surged 78% from July lows of $27 million to approximately $48 million. The rebound was propelled by Bitcoin rising roughly 45% from below $58,000 to surpass $83,000, lifting operator compensation from extremely underpaid to fairly paid levels. Network hashrate also recovered from 899 EH/s to over 960 EH/s. Daily miner outflows have stabilized near normal baselines of 12,000 BTC, down from an August peak of 29,000 BTC, removing significant structural supply pressure even as miners have yet to begin broad accumulation.