BTC drops below 60k! 20% of mining companies are already in the red, Friday's $60k options settlement, has the bottom really arrived? 📉



The current market is truly in "hell mode". BTC has plunged below the 60k mark in one go, hitting a new low since last October. Nearly 180k people across the network have been liquidated, with over $900 million wiped out.

But this is often the calm before the storm, as two extremely critical "X factors" are brewing. Today, without hype or FUD, let's break down these two topics in depth and share my thoughts. 👇

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🟠 Topic 1: 20% of mining companies have fallen below breakeven point. Will this be the "last bloody chips"?

Morgan Stanley put out a research report a few days ago that completely exposed the industry: currently about 20% of Bitcoin mining companies are already in a loss-making state.
BTC-2.81%
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MarketMakingForMoonlitDeepPool
· 6h ago
Falling below 60k actually feels more settled; the previous sideways position was more uncomfortable. At least now the direction is clear.
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SushiAndSlugs
· 7h ago
周五期权交割百亿级别,做市商肯定要搞事情,先别急着梭哈
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CatMarketAnalysisAssistant
· 8h ago
The total liquidation of 900 million indicates that retail investors are still playing; the real bottom is when everyone is lying flat and playing dead.
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GateUser-35b998a0
· 8h ago
Morgan Stanley's research reports are always contrarian indicators. Last time they turned bearish, how much did the market rally afterward? Think about it.
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PerpNightwatch
· 8h ago
Mining companies losing money is the true bottom signal. A 20% proportion isn't harsh enough; wait until you see 30% or more before calling for a bottom buying opportunity.
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