đš BITCOIN JUST CROSSED A LEVEL THAT MATTERS TO MINERS. đ
Bitcoin is now above JPMorganâs estimated $85,000 production cost.
And that could change something important. âĄïž
For 280 days, BTC stayed below that level.
That put pressure on miners â especially those operating with higher costs â and increased the incentive to sell BTC to cover expenses.
Now the equation is changing. đ
If Bitcoin stays above $85K, JPMorgan says miner selling pressure could ease.
That means fewer miners may need to sell just to survive.
The interesting question:
Did Bitcoin just cross the line where miner pressure starts disappearing? đ
$BTC #Bitcoin #Crypto #Mining
Bitcoin is now above JPMorganâs estimated $85,000 production cost.
And that could change something important. âĄïž
For 280 days, BTC stayed below that level.
That put pressure on miners â especially those operating with higher costs â and increased the incentive to sell BTC to cover expenses.
Now the equation is changing. đ
If Bitcoin stays above $85K, JPMorgan says miner selling pressure could ease.
That means fewer miners may need to sell just to survive.
The interesting question:
Did Bitcoin just cross the line where miner pressure starts disappearing? đ
$BTC #Bitcoin #Crypto #Mining
