JPMorgan: Bitcoin Price Surpassing $85,000 Production Cost May Ease Miner Selling Pressure

According to JPMorgan analysts, Bitcoin recently surpassed its estimated average production cost of approximately $85,000, ending a 280-day streak of trading below that level. Analysts suggest that if this price level is maintained, it could alleviate financial pressure on miners and reduce the risk of forced selling. Historically, production costs have acted as a soft floor for Bitcoin; when prices remain below this threshold for extended periods, miners with higher electricity and equipment costs may be forced to sell holdings, shut down operations, or exit the market.