🚨 BITCOIN MINING COSTS HIT $67,700! THE REAL FLOOR IS HERE 🚨

Ki Young Ju of CryptoQuant reveals the true operational cost for major miners like MARA Holdings in Q3/2025 is nearly $68k per $BTC. This isn't speculation; this is production cost.

• Energy is the biggest factor.

• Hardware depreciation is a massive hidden cost.

• Financial leverage is squeezing miners hard.

When price nears this floor, expect miner capitulation pressure. This fundamentally shifts how $BTC is valued—it's now tied to production economics, not just sentiment. The inefficient players get flushed out.

#BTC #CryptoMining #Alpha #Halving

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