Analysis: The energy crisis is squeezing Bitcoin mining profits; if miners cannot withstand the pressure, it could trigger a new round of BTC sell-offs.

According to Odaily Planet Daily, rising energy prices coupled with heightened tensions in the Middle East are further pushing up mining costs. With electricity costs continuing to exert pressure, if miners are forced to sell Bitcoin to maintain operations, it could create additional selling pressure on the market. Data shows that the economic pressure on Bitcoin mining is intensifying. Currently, the average production cost per BTC is approximately $88,000, while the Bitcoin price is around $69,200, meaning miners are losing nearly $19,000 per BTC, resulting in an overall loss of about 21%. Meanwhile, the network difficulty has decreased by about 7.8%, the second largest decrease in 2026, reflecting the exit of computing power and increased network pressure. The hash rate has fallen back to approximately 920 EH/s, and the average block time has increased to over 12 minutes. Analysts believe that if the Bitcoin price continues to fall below the cost line and the difficulty continues to decline, the miner exit process may continue, putting pressure on the spot market structure in the short term. (CoinDesk)