Woofun AI data shows that the 7-day average financial health ratio for Bitcoin miners is currently fluctuating between 10% and 30%, a range historically associated with peak bear market conditions. This decline reflects severe operational pressure stemming from reduced block rewards, increasing mining difficulty, and insufficient transaction fee income.

Analysts indicate that high-cost operators may be forced to shut down equipment, liquidate BTC reserves, or seek external financing to survive. Such shifts in miner behavior could significantly impact the supply side of the Bitcoin market as competition intensifies.