Everyone is panicking about BTC at $68K

But almost nobody is looking at what really matters
Right now, the average cost to mine 1 BTC sits between $77K–$87K (with JPMorgan Chase placing the soft floor near $77K)
Read that again
Miners are under pressure
Weak operators are shutting down
Hashrate already dropped 20%
This is not bearish
This is the market doing what it always does after every parabolic run:
👉 Overheated players get flushed
👉Inefficient rigs go offline
👉Future sell pressure reduces
👉 Strong operators gain more control
Meanwhile, top-tier miners with cheap power are still producing BTC around $30K–$40K
Now the key level to watch is that $77K zone because, If BTC reclaims and holds it, structure strengthens and miners pressure drops
If not, expect more forced pressure before the next real leg up
Stay patient and observant🧘‍♂️