#比特币市场动态# Reviewing the entire development process of the Bitcoin industry, we once again observed the cyclical changes in miner profits. JPMorgan's latest report shows that in July, Bitcoin miners' daily income reached a new high since the Halving, totaling $57,400 per EH/s. This reminds me of the situation before and after the 2020 Halving, when the market also experienced similar fluctuations.

Although the current income level still has a considerable gap compared to before the Halving, this gradual warming trend is undoubtedly a positive signal. From historical experience, the improvement in Miner profits often indicates an improvement in market sentiment. However, we should not be blindly optimistic, as the next Halving is not far away.

This cyclical change reminds us how important a long-term perspective and patience are in the cryptocurrency market. Those miners who persevered during the bear market are finally reaping the rewards. However, we must also be vigilant against potential excessive speculation. After all, each round of bull and bear markets will eliminate a group of speculators, leaving behind the true value creators.

Looking ahead, I believe that focusing on technological innovation and practical applications is still key. While it is important to enhance miner profits, what truly drives the development of the industry are the projects and applications that can create value for users. Let us continue to observe whether this round of increase can be sustained and what new changes it will bring to the industry.