$BTC Hello community, I have a simple question: We are being bombarded with the fact that the average production cost of a Bitcoin is between $75k and $80k since the Halving. We are at $68k now.

​It has been months that we have been below these prices or struggling to maintain them. What does that mean? That miners have been working at a loss for 6 months just for our pretty eyes? That's impossible.

​Either the production cost figures are bogus.

​Or they are liquidating all their stock (and our wallets with it) to pay for electricity.

​Or the market is completely disconnected from the physical reality of mining.

​What is your opinion? Are we in a phase of massive miner capitulation or are we being sold a dream with the story of the 'floor price'? Because right now, apart from seeing my balance shrink, I don't see the support from miners...