Multiple mainstream mining machines have triggered shutdown
As of February 28, 2025, mining machines such as Shenma M30S, Avalon A1246, Antminer S17 Pro have reached shutdown price, while models like Grayscale G7, Hippo H2, Antminer T19 are also close to shutdown price.
This is a key support level for the current price. If it falls below this level, more miners may be forced to shut down to stop losses, intensifying selling pressure. If Bitcoin further declines, more miners may sell assets, creating a vicious cycle.
Despite the severe short-term volatility, some analysts predict that Bitcoin could rise to $128,000 by the end of 2025, and miners may respond to current challenges through technological upgrades.
