BTC at cost: rare signal or ordinary noise?
— The last time BTC entered the oversold zone according to Bollinger STH MVRV, the price subsequently increased by approximately +1900%
— On February 6, 66.94 thousand BTC flowed into accumulation addresses — the largest influx in the current cycle
— Estimated cost of mining — about $67k, and historically BTC rarely stays below this level
Cost is important because Bitcoin largely behaves like a commodity: prolonged trading below production costs usually reduces supply — weak miners leave, selling pressure decreases.
At the same time, a media pattern is noticeable: major publications tend to amplify negativity on declines and become more positive on increases. This reflects not so much analysis, but reaction to crowd sentiment.
— Oversold does not guarantee an immediate reversal
— Macro factors and liquidity can still pressure the price
— “Cost” levels are a model, not an exact turning point
It is most important to watch whether BTC is accumulating near key zones. The behavior of large players is often more important than headlines.
Not a financial recommendation
