BTC Miners’ Profit Margin Hits 182%: Insights from CryptoQuant Analyst on Market Trends

According to insights from COINOTAG, as of May 13th, CryptoQuant analyst Axel Adler Jr indicated that the average cost of mining Bitcoin is currently pegged at approximately $36,800 per coin. This significant cost results in a staggering 182% profit margin compared to the prevailing market price of Bitcoin. This threshold mirrors the onset of the most recent bull market cycle, which began in November 2022, and reached a peak valuation of $100,000 during this period. Should Bitcoin’s price surpass this critical level, miners could see revenues soar, reverting to metrics observed post the last halving event, which could yield extraordinary profits similar to those experienced at the commencement of the bullish trend in January 2023. Such market dynamics warrant close attention from investors and analysts alike.