๐Ÿ“‰ Bitcoin's taken a dip below $54k, folks! ๐Ÿ˜ฎ A 6% drop in the last 24 hours, thanks to some bearish pressure. Remember Mt. Gox? They're repaying customers after a decade-long bankruptcy saga.

๐Ÿ”Œ Only 6 Bitcoin mining machines are still making profits under this price drop. We're talking Antminer models S21 Hyd, S21, A1466I, S19 XP Hyd, S19 XP, and Whatsminer M56S++.

๐Ÿ’ก Fun fact: At $0.08 per kWh, ASICs with <23 W/T efficiency are operating at a loss.

๐Ÿ’ฐ Miners have been offloading over $1 billion in crypto assets when the price was bouncing between $65k and $70k.

๐Ÿ”ฎ Some experts suggest this unprofitability could signal a local bottom, leading to less selling pressure. Signs of miner capitulation are showing, which historically has been linked to the bottoming of Bitcoin prices.

๐Ÿš€ Could this be the start of an uptrend? Share your thoughts below! #Bitcoin #CryptoNews