The Miner Crunch: Losing $14,000 per coin 🦾
Mining profitability has tanked. Current stats show a loss of roughly $14,600 per BTC, as production costs ($82.6k) outpace market value ($68k).
We've seen difficulty drop by 7.76%, but it’s not enough to save the margins. Keep a close eye on miner wallets—capitulation and reserve dumping are becoming a very real possibility if the market doesn't rally soon.
CRYPTO INSIDER │ Bybit