Since it has already fallen below cost, the more you mine, the more you lose. Why are miners still mining blindly?!

Data: Bitcoin miner profit margins continue to be under pressure, revenue falls below production cost
Bitcoin miner revenue has been declining over the past year. The current 7-day moving average daily revenue is about $30 million, significantly lower than the level of over $50 million last summer. Among them, the contribution from transaction fees has fallen to less than $250k per day, which is almost negligible compared to the block subsidy.
At the same time, the Bitcoin price is around $62,500, below the production cost estimated by JPMorgan at about $78,000. This state where the price is below production cost has lasted for five months, the longest in this cycle. Historically, production cost is often regarded as a soft bottom area for Bitcoin price.
It is currently estimated that about 20% of miners are already in a loss-making state at the current price, and the pressure is beginning to be reflected at the network level. Over the past six months, the sensitivity of mining difficulty to Bitcoin price has risen to 0.62, indicating that high-cost miners are increasingly inclined to turn mining machines on and off based on price fluctuations rather than continuously mining at a loss.
In the second week of June, Bitcoin mining difficulty dropped by 10%, the second time this year that a similar magnitude of reduction occurred. Previously, a similar adjustment also took place in the first quarter. Both times occurred during periods when the price persistently stayed below production cost, showing that pressure on miners is deepening. $BTC
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