Bitcoin ‘Miner Exodus’ Risks Crashing BTC Price Below $60K

A Bitcoin (BTC) metric tracking the electricity cost to mine one coin is flashing a warning for the bulls, with a so-called “miner exodus” adding to the bearish outlook. Key takeaways: BTC could fall toward the $59,000–$74,000 miner cost zone. Big hash rate drops often precede rebounds toward Bitcoin’s energy value at $121,000. Mining data hints BTC may decline below $60,000 As of January, the estimated average in electricity costs to mine a single Bitcoin is $59,450, while the net production expenditure is about $74,300, according to data from crypto-focused hedge fund Capriole Investments. Bitcoin was trading at around $82,500…