Is the bottom of the altcoin market approaching?



There are two notable signals in the market right now...
The cost to mine 1 Bitcoin is estimated at around $78,000, while the price is trading near $62,000–$63,000.
This means that some miners are operating at a loss and are forced to sell what they produce to cover operating costs and electricity.

What usually happens?

- Miners sell heavily to provide liquidity.
- Less efficient devices stop working.
- Mining difficulty gradually decreases.
- Selling pressure eases.
- Smart money starts to accumulate while fear prevails among retail investors.

Does this mean the bottom is guaranteed? No. But history tells us that extreme capitulation periods are often the best areas to build long-term investment positions—not the best times for panic...
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned