$BTC BTC It is very difficult to sell below the cost. It is very difficult for large funds, institutions, national fines, miners, and compensation from Mentougou to sell below the current mining cost in the secondary market. The price you see is determined by the spot price of 12% of the total BTC in the exchange, not by the circulating chips in the entire market. Therefore, below the BTC mining cost, there is only the selling pressure caused by retail investors being swayed by panic, and these selling pressures will be quickly absorbed by large investors, institutions, and a few miners - knowing the significance of cost support is here, don't use technical analysis to see the bearish price at 30,000.

If it can reach 30,000, the cost must be below 30,000 first. If the cost is below 30,000, the computing power of the entire network must be at least halved. In fact, the computing power of the entire network has been increasing exponentially from 2009 to now.