Miner selling pressure eases, MARA's average mining cost is $59,774

According to Odaily, CryptoQuant founder Ki Young Ju stated that Bitcoin miners are no longer facing selling pressure. MARA, the largest publicly listed mining company, has an average mining cost of $59,774, which is below the market price. After a nine-month consecutive decline, the network hashrate has risen for two consecutive months. Ki Young Ju noted that the increase in mining equipment suggests miners are bullish.