According to Odaily Planet Daily, Bitcoin miners are showing signs of migration due to rising electricity costs and declining hashrate. Data shows that the average electricity cost to mine a single Bitcoin is currently around $59,450, with net production costs of approximately $74,300. Although Bitcoin is trading at around $82,500, higher than the average miner cost, Charles Edwards, founder of Capriole Investments, stated that the market still has room to fall to the $74,300 to $59,450 range. Furthermore, Bitcoin's hashrate dropped to a mid-2025 level at the end of January, which analysts believe is related to miners reallocating resources to AI projects and winter storms in the United States. According to energy value models, Bitcoin's current fair value is approximately $120,950. Jeff Feng, co-founder of Sei Labs, stated that network difficulty adjusts after a decline in hashrate, and historically, Bitcoin has typically reverted to its energy value after a prolonged decline. (Cointelegraph)
Opinion: Miner migration exacerbates bearish sentiment; Bitcoin may fall below $60,000.
2026-01-30 11:32:49
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