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Although the market consensus is that Bitcoin will reach new highs in the next few years, cryptocurrencies may be subject to some corrections in the short term.

As previously reported, there are increasing signs that miners are experiencing "surrender" incidents due to halving, and miners are forced to shut down machines or sell their crypto assets to maintain cash flow.

According to data shared by the blockchain analysis company Coin Metrics on May 14, the hash rate of the Bitcoin network has "fallen by 30%" since the Bitcoin block reward was halved.

Blackware Mining's Matt D'Souza said on the day of the halving that if Bitcoin's transaction price is around 8,000 to 9,000 US dollars, then more than 30% of the miners are unprofitable.

Preston Pysh, a well-known podcaster, and analyst who focuses on financial reviews believe that this trend may cause the market to fall further in the next few weeks, or even "bite another bite of Apple", he tweeted This position is pointed out.

31 blocks behind schedule on this epoch. The rate seems to be widening as well. There might be one more bite at the apple. For all you deep hodlrs, make sure you got your buying hats ready.

I think it is withdrawable pal. Found the instruction on the official web.