🚨 SHOCKING NEW $BTC COST BASE REVEALED! 🚨

Ki Young Ju of CryptoQuant calculated the true average cost to mine one $BTC using MARA Holdings Q3/2025 data. The number is staggering and changes everything for market valuation.

• True operational cost estimate hits $67,700 per $BTC.

• This calculation factors in energy, hardware depreciation, staffing, and capital costs—not just power bills.

• Energy cost alone was reported at $39,235/BTC by the miner, suggesting massive hidden overhead.

This means the floor for mining sustainability is far higher than the old $40k–$50k psychological zones. Miner capitulation risk spikes if $BTC drops below this new true cost. This is the new supply floor pressure.

#Bitcoin #CryptoMining #BTC #CryptoQuant 🚀

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