Bitcoin’s “Electrical Cost” Floor Sits at $48,694: Is That the Bottom?
Bitcoin (BTC) trades near $63,000 after recovering about 4%, yet it sits roughly 50% below its record high. One on-chain marker, the Bitcoin Electrical Cost near $48,694, now frames the question of where this bear market finally bottoms. The indicator tracks the cost miners incur to produce each coin in terms of pure energy. Many...
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