news 
Bitcoin miners have entered a new era as the production cost of mining breaks the $100,000 barrier. This significant milestone marks a turning point for the industry, presenting both opportunities and challenges.
The average cost of production has surpassed $100,000, reflecting the substantial increase in difficulty and energy costs faced by miners. In response to these pressures, rather than triggering mass selling, this shift is leading to miner capitulation through machine shutdowns. This subtle adjustment may help prevent the kind of miner-led selling pressure that historically signals local tops.
The coming weeks will determine whether the market breaks higher or enters a deeper consolidation phase.
Source: bitcoinist.com
