Bitcoin prices are hovering very close to the average cost of production for Bitcoin miners

Crypto News
1

https://x.com/jbutterfill/status/1809168555738337621

2

retail miners are cleaned up in this chop

3

To produce 1 bitcoin, total cost = electricity cost + labor cost + warehouse cost + etc.…

Average Electricity cost now is 60k
Total cost is much bigger

But BTC is being traded at 56k