#数字资产市场洞察 This thing is essentially produced using electricity. As electricity prices continue to rise, the mining costs across the network follow suit, and the breakeven point for mining rises accordingly.

In my personal opinion, this is actually a long-term positive for Bitcoin. Why? It's simple—inefficient mining machines and high-cost miners will gradually be eliminated, leaving only those large players with advanced equipment and low electricity costs, concentrating the computing power among these top players. As a result, the supply side is automatically optimized, and the scarcity of $BTC is actually being reinforced.

Some people say that it can be mined in places outside of the United States, and that's true. However, the problem is that AI and computing power demand are also looking for cheap electricity globally. In the long run, the rise in global average electricity costs is an inevitable trend, and the prices of things based on electricity as a basic cost will ultimately have to go up.

In simple terms: the rise in electricity prices → the cost floor of $BTC also rises. According to traditional calculations, the average shutdown price will float downwards by about 20% from the current level, but the upward space is expanding.

From the chart, if it retraces to the range of 87460-87210 at the bottom, you can consider buying long. For a rebound, the target is around 88400.