🪙 CryptoQuant:

The average cost of mining 1 BTC for miners currently stands at $36.8 thousand. The spread between the current market price and the cost of one coin = 182%. Essentially, this is the average yield. This corresponds to the beginning of the bull cycle in November 2022 and the peaks of that cycle >$100 thousand.

A price increase above this level will allow miners to fully recover from the last halving and achieve super profits comparable to the beginning of the bull rally in January 2023.

#CryptoQuant #BTC