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Miners are MASSACRING... and that's the best news of the year.
$BTC is trading today at ~$65k m while it costs $87k to produce. Ratio 1.37. Territory of "historical bottom" certified by the data.
Last time BTC fell below its production cost: November 2022. The macro bottom was at $15.5k. It also happened in 2015 and 2018. All marked brutal lows.
The 30-day moving average of the hashrate is about to cross the 60-day one. VanEck says: 65% chance of a positive return in 90 days when this occurs.
The market is ejecting the weak.
Is the bottom already in? History doesn't lie. You decide. 🚀
#BitcoinBouncesBack