Let's go over BTC Average Mining Costs 🤔

Source: MacroMicro

The current BTC(Bitcoin) Average Mining Costs are $101k, and the current BTC price is $88k.

Source: Bitcoin Magazine Pro

Nevertheless, BTC miners have not withdrawn their computing power such a lot. They're still on there. What do you think is the main reason? I guess their outlook of the crypto market next year is optimistic 🧐

Additionally, crypto reserve companies such as MSTR(Strategy), BMNR(Bitmine) are struggling against the bear together.

Source: CoinGlass

However, it seems that few hedge funds are absorbing the liquidity and profits from the crypto derivatives markets like futures and options since 2023.

---

I believe someday we will win together!