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via BeInCrypto · By BeInCrypto Editorial
Bitcoin’s “Electrical Cost” Floor Sits at $48,694: Is That the Bottom?
BTC
BTC/USDT
$62,984.66
-0.05%
$62,984.66
-0.05%
(24s)24h Volume
$2,180,006,410.31
24h H/L
$63,175.00 / $62,946.58
Change: $228.42 (0.36%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0008%
Longs pay
Data provided by COINOTAG DATALive data
BE
BeInCrypto Editorial(08:01 PM UTC)
1 min read
Bitcoin (BTC) trades near $63,000 after recovering about 4%, yet it sits roughly 50% below its record high. One on-chain marker, the Bitcoin Electrical Cost near $48,694, now frames the question of where this bear market finally bottoms.
The indicator tracks the cost miners incur to produce each coin in terms of pure energy. Many analysts treat it as a hard floor because the price has rarely…
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