American bank JPMorgan has reported a deterioration in mining economics, noting that Bitcoin has been trading below its production cost for five consecutive months.
The bank estimates the average cost of mining one Bitcoin at approximately $78,000. At the current market price, around 20% of miners are operating at a loss.
As a result, miners are increasingly shutting down their equipment during market downturns to reduce losses. This dynamic presents a strategic accumulation opportunity: with a significant portion of miners under pressure, forced shutdowns and reduced sell-side liquidity could tighten supply, positioning Bitcoin for a potential rebound—making current price levels attractive for long-term investors willing to absorb short-term volatility.
