>**Bitcoin price possesses a significant influence over the prices of mining rigs**. There were brave miners who took advantage of the recent market conditions during the sell-off in Bitcoin price, leading to a decline in ASIC prices.
>**The tough capital market conditions and the difficulty in securing power purchase agreements** by miners lead to **an excess supply of ASICs in the market**. The situation will get worse if Bitcoin price continues to drop.
Copied that from [?f2pool weekly report](https://twitter.com/f2pool_official/status/1541767952852459520) and the price of Bitcoin is still crashing today.
Panicking waiting for the bottom. ?