Bitcoin could Bitfarms’ potential

Bitcoin could Bitfarms’ potential

Broader market trends show that Bitcoin miners have a long-term outlook. The Miner Supply ratio on CryptoQuant continues to rise, signaling increased reserve accumulation among miners.

At press time, the supply ratio has risen to 0.09093, marking a notable increase. This uptick suggests that miners are adding to their reserves, which has often correlated with profitability.

Moreover, a continued rise in the supply ratio could indicate that miners, including Bitfarms, are profitable. This condition could be particularly beneficial for Bitfarms’ undervalued Bitcoin holdings.