Bitcoin (BTC) rallied to $91,950 on Nov. 26 as data shows the market sitting at a key inflection point. Data from Capriole Investments placed Bitcoin’s production cost near $83,873, while the electrical cost, the baseline energy input for mining, sits far lower at $67,099.
Key takeaways:
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Bitcoin is currently trading just above miner production cost as profitability compresses.
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Elevated hashrate and collapsing hash prices are pushing miners toward stress thresholds.
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The dynamic NVT ratio…
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