BitMEX Research|Feb 05, 2026 19:07
Bitcoin is trading at c$65,000, down 48% from an all time record high of c$125,000
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Sentiment in the space is bleak
Some Bitcoin miners are experiencing a lot of pain, with profit margins being squeezed. Some miners could switch off their machines or pivot their data centres to AI
Despite this, believe it or not, there are still people out there who believe we should design Bitcoin, without assuming miners will aim for short term profit maximisation, when they select transactions for their blocks(BitMEX Research)
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