#bitcoin i 200-Day Cost and #miningBTC Costs are now closely aligned.
This matches Satoshi Nakamoto’s classic theory:

“The price of any commodity tends to gravitate toward the cost of production.”

This implies:

-The market is reaching an equilibrium between price and production cost.

-Strong support is now at $98,000–99,000.

-Risk is rising for less efficient miners.

-Competition is intensifying across the Bitcoin mining industry.