⚠️ $BTC MINING COST HITS SHOCKING $67,700 PER COIN! ⚠️

Ki Young Ju of CryptoQuant reveals the true production cost for major miners like MARA based on Q3/2025 data. This is NOT speculation—this is the real operational burn rate!

• Energy is the biggest factor, but hardware depreciation, labor, and debt service are crushing miners.

• Post-2024 Halving, hashrate soared, forcing costs up dramatically.

• $67,704/BTC is the new floor, far above old psychological support levels.

When price dips near this cost, expect miner capitulation and massive selling pressure. If $BTC holds above this, the network enters a healthy accumulation phase. Production cost is the new kingmaker for $BTC valuation.

#BTC #CryptoMining #Bitcoin #Halving

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