Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows By Cointelegraph



    © Reuters.

    The (BTC) mining business is bigger than ever at current price levels, and new data shows just how unlikely a mass miner sell-off really is.

    As noted by popular Twitter (NYSE:) account @venturefounder on Jan. 14, even at $42,000, the trading pair is around 20% above miners’ cost price.

    Bitcoin production cost annotated chart (screenshot). Source: @venturefounder/Twitter
    Bitcoin hash rate chart. Source: Blockchain