$BTC I’m cursing! Bitcoin is now dancing on the "coffin money" line of miners!
Production cost line? That’s the blood and tears life-and-death line of miners.
Saying Bitcoin is swaying above the “production cost” sounds pretty academic, right? In plain language: the price is teetering on the edge of the cliff where miners collectively pull the plug and shut down! This is the total of their mining electricity costs, machines, and facility costs—falling below this line means half of the mining farms will directly shut down for summer vacation.
But don’t think this is the iron bottom; this time might be different.
1. Hashrate civil war, the cost line will also drift: The overall network hashrate is always in a frenzy, and the production cost is a moving target. It holds today, but tomorrow with new mining machines and rising electricity prices, this “floor line” can turn into a “ceiling” in a minute.
2. Shutdown wave is a double-edged sword: Large-scale shutdowns by miners will indeed reduce selling pressure, but it also means a discount on network security; faith may collapse before the price. This is not support; it’s the beginning of chronic death.
3. Historical rules are meant to be broken: Does holding since 2019 mean it will be effective forever? The crypto world is best at smashing everyone’s common sense and grinding it again. When everyone believes that “the cost line must be the bottom,” the market manipulators will want nothing more than to break through it.
Remember, the market doesn’t recognize costs; it only recognizes emotions and liquidity.
The cost of miners is just one dimension of the market, and it may not even be the most important one. It might form psychological support in the short term, but what determines long-term prices is always global liquidity, regulatory attitudes, and narratives—these can be much fiercer than electricity bills.
Final bold statement:
When it comes to the moment of life and death, miners will choose to dump to survive, rather than shut down and wait to die. Their cost line might ultimately become the fuse that blows up your position.
Thank you for reading this, and finally, I wish you a good morning☀ good afternoon🥰 good night💤
