Analysis: The current Bitcoin mining cost is approximately $76,000, and miners are selling at a loss.

BTC0%

BlockBeats News, June 17th, CryptoQuant analyst Darkfost stated that after a recent Bitcoin price recovery, miner sell pressure has returned, reflected in a significant increase in miner inflows to Binance.

Darkfost pointed out that miner hash rate has dropped by about 28% since the end of October last year, accompanied by a 20% difficulty adjustment. Currently, the production cost is about $76,000 while the Bitcoin trading price is about $65,000, causing the majority of miners to operate at a loss and be forced to sell their coins.

Sumber: BlockBeats

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