Odaily News EMC Labs, a crypto asset investment research organization, published an article on July 29th saying that the market's "slaughter" of Bitcoin miners has ended. Since the end of April, with BTC falling below $66,000 and the lowest drop to $53,000, miners have been facing passive liquidation due to BTC falling below the shutdown price of mining machines, and BTC computing power has once fallen by 33%. After rising for three consecutive weeks, miners as a whole surfaced above the shutdown price last week, ending the sell-off and achieving a net accumulation of 7,000 coins. At the same time, on July 20, the hash rate of the Bitcoin network hit a record high of 724EH/s, and the 7-day average computing power was also close to the historical high. EMC Labs believes that the recovery of computing power indicates that miners, an important community member, are firmly optimistic about the future market, and it has also become a material support for BTC to hit a record high in the future market.