Bitcoin Mining Cost Chart Flashes Bottom Signal—Historically Followed by Massive Bull Market Moves.

Long-term holders bought 150000 BTC recently, tightening supply and signaling strong bullish conviction.

Bitcoin has faced a turbulent period recently, with economic turmoil causing a dip to $74k. However, since then, the cryptocurrency has shown remarkable strength, bouncing back 25% from its lows.

But according to Robert Breedlove, a prominent crypto expert, the real story might just be beginning. As shared by Blockware, the “Average Miner Cost of Production” chart provides a crucial insight.

This chart, plotted by averaging the costs of producing 1 Bitcoin across various miners, serves as a key resistance level for Bitcoin price.

Historically, whenever Bitcoin price trades below the miner cost for an extended period, it's usually the lowest point before a significant price rally.

This phenomenon, which has occurred five times before, is now flashing again, presenting an interesting development to watch.

Miner cost of production is an important price floor to keep an eye on. As of now, it appears that we may be seeing some stability in the hashrate, and the miner cost is holding around the $60k-$70k range.

Bitcoin price rarely stays below the cost of mining for long. Every time it fell below it before, it was the lowest point before a big price jump.

It’s happened five times before, most recently in September 2024, and now, it’s flashing again.

I don’t normally speculate on short-term #Bitcoin price action — but some friends of mine have provided some fascinating perspectives that I want to share.

Long-term holders bought 150,000 BTC recently, tightening supply and signaling strong bullish conviction.

ETFs and big institutions are making it easier for fresh money to enter Bitcoin.

After dipping to $74k due to economic turmoil, Bitcoin has since risen 25%. But according to a prominent crypto expert, Robert Breedlove, that might just be the beginning. As shared by Blockware, the “Average Miner Cost of Production” chart provides a crucial insight.

This chart, plotted by averaging the costs of producing 1 Bitcoin across various miners, serves as a key resistance level for Bitcoin price.

Historically, whenever Bitcoin price trades below the miner cost for an extended period, it’s usually the lowest point before a significant price rally. This phenomenon, which has occurred five times before, is now flashing again, presenting an interesting development to watch.

Miner cost of production is an important price floor to keep an eye on. As of now, it appears that we may be seeing some stability in the hashrate, and the miner cost is holding around the $60k-$70k range.

Bitcoin price rarely stays below the cost of mining for long. Every time it fell below it before, it was the lowest point before a big price jump.

It’s happened five times before, most recently in September 2024, and now, it’s flashing again.

I don’t normally speculate on short-term #Bitcoin price action — but some friends of mine have provided some fascinating perspectives that I want to share.

Long-term holders are buying more Bitcoin, and according to recent data from Santiment, in the last 30 days, they've sold less and bought more.

In the past month, long-term holders, defined as entities holding BTC for at least 155 days, have sold around 68,600 Bitcoin, compared to buying approximately 218,400 BTC.

This activity suggests a preference for holding and accumulation among long-term market participants.

The fact that they're not selling much despite the recent price pump could indicate strong bullish conviction.

Moreover, with Long-Term Holders buying more BTC than they sold recently, it means less supply is being sold, which could also push prices up.

Another interesting point highlighted by Material Indicators is that more U.S. Dollars are flowing into the financial system.

This fiat liquidity is flowing into risk assets like Bitcoin, especially with ETFs, bonds, and big companies starting to buy BTC.

This makes it easier for money to enter Bitcoin, and as more dollars are printed and flow into the system, there’s more money available to buy Bitcoin.

So while things may look calm now, this quiet signal suggests a bigger Bitcoin rally could be right around the corner.

As of press time, Bitcoin price trades at $96,676, showing a 1.5% increase in the last 24 hours, with a market cap of $1.92 trillion.