BTC pushing to $84,751 gave hashprice a 2.65% bump, but don't mistake that for relief for miners. The next difficulty retarget is still tracking lower, provisional as it is, which tells you the network's cost structure hasn't caught up to the price move. A price pop is nice, but until difficulty actually eases, margins stay tight.
Miners Still Squeezed Despite BTC's $84K Bounce

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