What Is the Financial Risk of Holding a Large Inventory of Mined Coins during a Bear Market?

The primary financial risk of holding a large inventory of mined coins during a bear market is price risk. As the coin's value declines, the fiat value of the inventory decreases, potentially wiping out all accumulated profits and even leading to losses.

This exposure to market volatility is a significant risk. Miners who hold inventory instead of selling immediately are essentially taking a long position on the coin, making them highly susceptible to market downturns and potentially forcing them into capitulation.