<ul data-eligibleForWebStory="true"><li>Bitcoin transaction fees have dropped to levels not seen in over a decade, affecting miner revenues due to reduced on-chain activity.</li><li>Hash rate volatility is at its highest in Bitcoin's history, leading some miners to shut down ASIC machines as revenue decreases.</li><li>Despite the challenges, miners are showing patience by holding onto their BTC holdings rather than selling, possibly reallocating computing power or waiting for conditions to improve.</li><li>The industry is undergoing a quiet recalibration, with miners opting for a wait-and-see approach amidst subdued price movement and blockchain activity. This behavior could indicate long-term optimism.</li></ul>

Bitcoin Miners Hold Firm Despite Profit Crunch and Falling Fees

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