This chart shows the mining cost of each bitcoin for bitcoin miners. It can be seen that although bitcoin has risen from 15k, miners did not start to make a profit until the ETF was passed, which means that the price of bitcoin has doubled before. Miners are in the process of recovering their investment. How did miners survive this situation for more than half a year? Finally, they have recovered their investment. Should they cash out some funds for turnover?

The current situation is that miners are basically not profitable. After a week, the computing power will increase, the reward will be halved, and the cost will double directly. Now the cost of each bitcoin is around 50k, and the cost will be 100k after a week, but the price is still 60k.

Conclusion: Bitcoin is now 60% off, a bargain!