PANews May 13 news, CryptoQuant analyst Axel Adler Jr posted on platform X stating that the current average cost for BTC miners is about $36,800 per coin. The price difference between the current BTC market price and the mining cost per BTC is 182%. This essentially represents the average profit margin. This level corresponds to the beginning of the bull market cycle in November 2022 and the price peak of $100,000 during this cycle. A price increase beyond this level would restore miner profits to levels seen after the last halving and reach excessive profits comparable to those at the start of the bull market in January 2023.
