CyberQuant said in a report on Tuesday that miners accelerated the pace of selling Bitcoin last week as the price of Bitcoin fell below $80,000. The company said that on April 7, miners sold a total of 15,000 bitcoins, the third largest single-day outflow this year. Based on the lowest price of the day being less than US$75,000, the value is at least US$1.12 billion. CryptoQuant said: "Miners 'margins have been squeezed by falling prices, while transaction fees are sluggish and Bitcoin network computing power reaches record highs, which means higher mining costs, causing their average operating margins to drop from 53% at the end of January to 33% today." The company also pointed out that since November 2022, Bitcoin has been in one of the least promising phases. Bitcoin hit a high of nearly $109,000 before President Trump took office, but has struggled to break through $90,000 since then.