Bitcoin Struggles Below $90,000 Amid Miner Profitability Concerns

Bitcoin remains below $90,000 amid high volatility and uncertain market sentiment. Despite historically high prices, the mining sector shows underlying stress.

The Miner Financial Health Index indicates growing pressure on Bitcoin miners, with profitability near an Alert zone at 22%.
This profitability level is one of the weakest since 2022, despite Bitcoin's higher trading range.
Such conditions often occur post-correction or after halving events, when revenue drops and network difficulty increases.

Miner Economics Signal Stress Beneath Bitcoin’s Price

The demand–supply balance index for Bitcoin mining is at 38%, showing neutral-weak demand for blockspace.
Transaction fee revenue has declined from highs above 60%, suggesting subdued organic demand.
Miner revenue averages around $40 million, consistent with 2025 but below peaks during high network activity.
High difficulty and declining revenues increase pressure on less efficient miners.

Bitcoin Price Struggles to Reclaim Key Trend Levels

Bitcoin trades around $88,000, struggling to recover structural strength post-correction.
The decline from $120,000–$125,000 broke momentum, with price dropping below short-term moving averages.
The 200-day moving average acts as resistance, with price consolidating just below it.
Increased sell volume compared to muted buy volume suggests corrective upside moves.
A lower-high pattern keeps downside risk if support near $85,000–$86,000 fails.

For a bullish recovery, Bitcoin must reclaim the 200-day moving average and establish higher highs, otherwise, consolidation or further volatility is likely.