Someone built an interesting metric for Bitcoin—stacking its price against the actual cost to produce it. What stands out is how, over the past several years, Bitcoin has basically hovered right around that production cost floor, sometimes even dipping below. The price seems to have developed an almost gravitational relationship with where miners break even. Not saying it's a perfect predictor, but it's worth watching when you're thinking about where the floor might be.
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DegenWhisperer
· 4h ago
This indicator has actually been used before; the miner cost line indeed feels like a suction stick.
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pumpamentalist
· 4h ago
The miner cost line is really the hidden support for BTC. Why does it keep getting closer as it drops...
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RektRecovery
· 4h ago
lmao miners literally became the price floor. called it years ago tbh
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consensus_whisperer
· 4h ago
Miner costs are the moat of Bitcoin; this logic makes sense.
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BlockImposter
· 4h ago
The miner cost line is really the key to BTC, it always bounces back each time.
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LiquidityWhisperer
· 4h ago
Mining costs as the baseline? This logic is actually a common topic; the key still depends on how big players dump the market.
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AirdropworkerZhang
· 4h ago
Mining costs are the price ceiling; this logic is brilliant.
Someone built an interesting metric for Bitcoin—stacking its price against the actual cost to produce it. What stands out is how, over the past several years, Bitcoin has basically hovered right around that production cost floor, sometimes even dipping below. The price seems to have developed an almost gravitational relationship with where miners break even. Not saying it's a perfect predictor, but it's worth watching when you're thinking about where the floor might be.