PANews February 5 News, according to Coindesk, Checkonchain data shows that Bitcoin’s current price is approximately $70,000, which is below its estimated average production cost of about $87,000, a gap of around 20%. Historically, Bitcoin prices remaining below production costs is often a characteristic of a bear market, a situation that has occurred during the market cycles of 2019 and 2022.
After reaching a historical peak of approximately 1.1 ZH/s in network hash rate last October, the hash rate dropped by about 20% due to the shutdown of less efficient mining rigs, but has recently rebounded to 913 EH/s, showing initial signs of stabilization. However, at the current price, many miners are still operating at a loss. To sustain daily operations, cover energy costs, and repay debts, miners continue to sell their Bitcoin reserves. This “miner capitulation” phenomenon highlights that the industry still faces ongoing financial pressures.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC rises 0.90% in 15 minutes: Large account holders drive short-term rebound
Between 2026-03-25 16:15 to 16:30 (UTC), BTC recorded a +0.90% return within the 15-minute K-line, with a price range of 70829.6 to 71746.1 USDT, reaching an amplitude of 1.29%. The short-term volatility during this period attracted market attention, with active trading driving a slight expansion in transaction fluctuations. Overall market sentiment is neutral to slightly bullish, with attention increasing marginally, but no signs of significant emotional spread were observed.
The primary driver of this volatility was large account concentrated operations against the backdrop of exchange liquidity at low levels, producing a significant impact. Whale holders positioned during this window
GateNews3m ago
This Rare Silver Signal Has One Message For Bitcoin In 2026: A Big Move Is Coming
Silver price strength has returned to the spotlight after reaching a fresh high, and that move has placed Bitcoin back into a familiar conversation. BTC price now trades close to key levels, and one specific signal tied to silver has started to draw attention again as traders try to
CaptainAltcoin21m ago
After 194 liquidations, James Wynn opens a 40x "Ant Position" Bitcoin short.
BlockBeats News: On March 25, according to lookonchain monitoring, James Wynn opened another 40x Bitcoin short position with a position size of 0.62 BTC at an entry price of $70,806. The liquidation price is $71,675.1. His address has been liquidated 194 times previously.
BlockBeatNews31m ago
Traders say Bitcoin still due for ‘next leg lower’ targeting $46K BTC price
Bitcoin’s (BTC) failure to close the week above the 200-week exponential moving average (EMA) on Sunday put it at risk of another downward leg over the coming weeks or months.
Key takeaways:
Bitcoin price signals “structural weakness” with failure to close week above a key trend line.
A
Cointelegraph59m ago
