Analysis: #bitcoin ’s Cost of Production as a Macro Floor
Current data suggests Bitcoin’s average electrical mining cost sits near the $60,000 mark. It is no coincidence that $BTC recently saw a significant price rejection at this level.
Why this data point is critical:
Historical Precedent: Bitcoin has rarely sustained a market price below its marginal cost of production.
Operational Thresholds: Below $60,000, the average miner begins operating at a net loss.
In previous cycles, a dip below production costs has signaled a "maximum opportunity" zone rather than a reason for panic. Effectively, you are acquiring an asset at a price lower than the energy required to create it an anomaly rarely seen in traditional commodities like gold.
