Bitcoin Back At Production Cost: Analyst Says Best Value Zone Starts Here
Summary
Bitcoin has returned to its estimated production cost, now around $62,650, roughly matching the current spot price. That means miners are near break-even, with higher-cost operators under pressure. Historically, the area between production cost and electrical cost, currently near $50K, has offered some of the strongest long-term value opportunities for Bitcoin. Recent data also shows miner stress: network hashrate has fallen to about 837 EH/s, down from repeated touches near 1,000 EH/s in May, suggesting some miners have likely shut off equipment. Bitcoin is currently trading around $62,400, about 9.5% lower over the past week.
