The math isn’t mathing anymore.
Public miners just dropped an average of $79,995 to mine a single Bitcoin. Meanwhile, BTC is sitting at $70,000.
Do the math with me: that’s a $19,000 LOSS per coin. 😳
So, what are the big guys doing? They aren't HODLing. They are panicking.
To survive, they are selling their precious BTC treasuries and pivoting to AI. We’re talking $70 BILLION in AI contracts.
Basically, they are turning into data centers that mine Bitcoin on the side. If the big players are dumping $BTC just to pay the electric bill, what does that say about the state of the cycle?
Are we heading toward a mining extinction event, or is this just the shakeout before the next leg up?