Analysis: The current cost price of Bitcoin mining is about $76,000, and miners are selling coins at a loss

CryptoQuant analyst Darkfost stated that after the recent rebound in Bitcoin prices, miner selling pressure has returned, as evidenced by a significant increase in miner inflows to Binance. Darkfost pointed out that miner hash rate has decreased by about 28% since the end of October last year, along with a 20% difficulty adjustment. Currently, the production cost is about $76,000 while the Bitcoin trading price is about $65,000, resulting in most miners operating at a loss and being forced to sell coins.