Bitget Research Institute: The cost of Bitcoin miners is between $60,000 and $65,000, which may constitute a key support level
ChainCatcher news, Bitget Research Chief Analyst Ryan Lee pointed out that due to uncertainties in tariff policies and rising U.S. Treasury yields, the volatility in the crypto market has intensified. BTC is expected to fluctuate in the range of $68,000 to $85,000 in the short term, while ETH is facing a test of support at $1,550. If it falls below this level, it could trigger approximately $480 million in liquidations.From a structural perspective, most miners use ASIC devices for mining, which have a relatively low cost per unit of computing power. The average mining cost for BTC is around $60,000 to $65,000, forming an important bottom support area for the price. Meanwhile, ETH's on-chain activity remains sluggish, with Gas fees staying low, reflecting weakened user participation and an overall fragile market sentiment.Against the backdrop of ongoing macro headwinds affecting risk assets, the short-term trend of the crypto market will depend on how investors interpret policy changes and the global liquidity environment. The coming weeks may become a key observation period for changes in market direction.
