The cost for miners to shut down is 30,000 to 50k yuan, and around 60k yuan, there is smart money scooping the bottom. This level is indeed quite interesting.

XinHuo Research Institute states that Bitcoin rebounded this week, market panic sentiment has eased, and some data has improved. The net outflow of Bitcoin spot ETFs continues to narrow, and the negative premium between Coinbase and USDT has been partially corrected; mainstream mining operations' shutdown costs are concentrated between $30k and $50k. XinHuo Group's OTC weekly trading volume has increased by over 8 times compared to the previous week, and the number of active platform users has doubled. On-chain data shows that some institutional funds with listed company attributes and ancient whale tags are actively buying near $60k. The market should continue to monitor liquidity changes, the FOMC meeting, and the progress of the CLARITY Act.