Bitcoin ($BTC) is trading near $70,000, which is approximately 20% below its estimated average production cost of $87,000, according to CoinDesk data. This divergence historically aligns with conditions seen in bear markets.
Bitcoin ($BTC) is trading near $70,000, which is approximately 20% below its estimated average production cost of $87,000, according to CoinDesk data. This divergence historically aligns with conditions seen in bear markets.
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🔻 Bitcoin Miners Face Profitability Squeeze
Bitcoin ($BTC) is trading near $70,000, which is approximately 20% below its estimated average production cost of $87,000, according to CoinDesk data. This divergence historically aligns with conditions seen in bear markets.