Bitcoin never bottomed below its Production Cost. Current electricity cost: $61,500. And everyone is still looking lower.

Stop sharing stupidities to amateurs. It can drop 20-30% bellow those costs in bear market noob. #btc

In previous bull runs $BTC traded above 5x-10x of it’s electricity cost but this time not even 3x.

Unfortunately, there is no correlation between electricity prices and Bitcoin prices Price of Bitcoin is all about liquidity available to simulate transactions at exchanges However you are right that as demand in Bitcoin drops along with the price - it becomes expensive to pay miners and to run bots to pump up prices “people pay” for sats

@grok what about when it crashed from 63k to 16k

What are you talking about it already went below that

Average cost to mine bitcoin is probably mid to high 70’s…..

First time for everything

Production cost varies between countries, I don’t think this is very accurate accounting for energy costs.

So how did it fall to 59k$ last week ? Fucktard

imho this is screaming accumulation zone but everyone is too busy touching grass to see it

Wether we go lower or higher, I’m buying.🔸

And do you believe once clarity act is passed institutions will buy at 60k levels or 40k levels and more

and still went below 4x times

So basically BTC price is equal to its cost of use and basically no one but big money uses it...sounds like a great investment....

Yea it dropped and traded the last bear market. Learn your staff before posting , noob

you can clearly see it wick below the energy cost multiple times

Theres always a first time ;)

Gotta factor in the derivatives market now. Lotta manipulation through leveraged plays by institutions.

There is no single production cost, it varies wildly according to many circumstances Iran is currently the cheapest place to mine Bitcoin, with an estimated cost of $1,324 per BTC due to heavily subsidized industrial electricity averaging $0.002–$0.003 per kWh. This results in an approximate 83x profit margin relative to market prices, though miners face significant operational risks including equipment seizures and power grid instability

Also if you run a solarpark to run the miners, energy is basically free

@DrProfitCrypto thoughts on this please

The end of btc is coming

of the USA?

betting heavily below production cost may not be the easiest trade. ⚡🚀

We went to 59k already….

45k-50k

so if everybody loses interest or stops believing in the asset, the production cost is going to magically stay at a given level? Bitcoin is a social construct first and foremost.

Never happened so it can’t happen! Recipe for disaster

It Is trading below $78,000 all-in production cost.

What if electricity costs fall?

Maybe No one Wants To produce It Anymore Nugga

Production cost is a solid floor, people just love to panic and overthink it

This is not a useful chart

Production cost or not, stay liquid.

Expect historical crash