The largest Bitcoin mining pool, f2pool, pointed out yesterday (4th) that an increasing number of ASIC miners are facing losses (falling below shutdown prices). However, f2pool founder Discus Fish indicated that new opportunities are on the horizon…
**Background:**
**Bitcoin’s Drop Below $57,000: Germany Moves a Large Amount of BTC Again – What is the Next Key Support Level?**
**Supplementary Information:**
**Discus Fish of Cobo Analyzes: The New Economic Script After Bitcoin Halving – What New Opportunities Are on the Horizon?**
In April of this year, Bitcoin experienced its fourth halving event in history. Miners are facing significant operational pressures due to the reduction in block rewards and the lack of a notable increase in Bitcoin’s price.
This morning, the price of Bitcoin was also dragged down by the news of Mt. Gox transferring 47,229 BTC from a cold wallet, causing Bitcoin to drop below $55,000 around 11 AM, hitting a new four-month low.
**f2pool: Increasing Number of ASIC Miners Facing Losses**
In light of this situation, the largest Bitcoin mining pool, f2pool, posted on the social media platform X late yesterday, indicating that with the decline in BTC prices, an increasing number of ASIC miners are beginning to experience losses.
**Discus Fish: New Opportunities Are on the Way**
However, regarding the current state of affairs, f2pool and Cobo’s founder Discus Fish (known as 神魚) seems to be optimistic. He posted a message suggesting that “new opportunities are on the way.”
Regarding the “opportunities” mentioned by Discus Fish, some community members provided explanations, noting that miner shutdowns typically signal a market turning point:
While miner shutdowns may be accompanied by potential market opportunities, these users also cautioned investors to manage risks properly to avoid financial losses.
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