BTC rose 16% in April, but there's something to note — mining costs have already approached 80,000 USD.

Currently, BTC is in the 75,000-78,000 USD range, and for miners, the cost of mining one coin is not much different from the selling price.
Small miners either shut down their machines or sell assets to exchange for cash flow; some have even switched to AI.
Historically, when BTC fell below production costs in 2022, miners shut down on a large scale, which marked the bottom of the bear market.
In 2025, this wave dropped from 126k USD to 69,500 USD, and miners' surrender shutdowns lasted three months, the longest in history.
Every time miners sell coins, the selling pressure is short-term; once weak hands exit, prices tend to recover.
But whether it will be the same this time is uncertain.
There are too many variables on the tariff side to follow historical patterns.
The market is now waiting for the Federal Reserve's statement, with big funds watching and not in a hurry to move.
Contract traders can consider this direction #BTC $BTC