When Bitcoin prices fell below $58,000, only five mining platforms were reported to be profitable. According to F2Pool, at a rate of $0.08 per kW/hour, ASICs less efficient than 23 W/T lose money. 📉⛏️ Bitcoin's decline to $54,000 may create a "local bottom" for the market. Bitcoin miners are constantly selling the tokens they receive as rewards to cover transaction costs. But currently, for most miners, operating costs are higher than the rewards obtained. This could create a local bottom as selling pressure eases. What do you think this means for the Bitcoin market? We are waiting your comments! 🤔💬