Bitcoin (BTC) miner revenues continue to decline as the hash price has plummeted to record lows of $66,500 per Exahash, according to Glassnode.

The provider of market knowledge explained:

“The Bitcoin Hash Price has reached an all-time low of $66,500 per Exahash. This means that BTC miners are earning the smallest reward relative to applied hash power in history, and will likely put the industry under extreme revenue stress.”

Source: Glassnode

Therefore, this indicates that miners earn the lowest income in Bitcoin’s 13-year journey.

Furthermore, this is happening as the mining difficulty on the Bitcoin network reaches an all-time high (ATH). glass node additional:

“BTC mining difficulty has just reached an ATH of 158,208,051,864,292,013,637,632. An earlier ATH of 152,947,196,320,564,012,646,400 was seen on October 23, 2022.”

Source: Glassnode

Mining difficulty is a measure of how difficult or easy it is to generate new Bitcoin and is often affected by the number of machines connected to the network.

High mining difficulty implies higher network security because more computing power is required to mine a similar number of blocks than before.

78% of the BTC supply has been stationary for more than 6 months

With the stationary supply of Bitcoin reaching ATH, it appears that some hodlers have held their ground.

Market analyst Will Clemente he pointed:

“A new all-time high of 78% of Bitcoin supply hasn’t moved in at least 6 months. Quite remarkable in the face of the worst macroeconomic context in recent history, geopolitical uncertainty and fears of World War III. There’s a bunch of seriously doomed hodlers out there.

Source: Glassnode

Hodling is one of the preferred strategies in the Bitcoin market because the coins are stored for future purposes other than speculation.

For example, stored BTC recently hit a 5-year high, Blockchain.News reported.

In the meantime, bitcoin price it hovered around $19,315 during intraday trading, according to CoinMarketCap.

Image source: Shutterstock