Something interesting is happening under the surface with $BTC …
Bitcoin’s “electrical cost” basically the average cost to mine 1 BTC has dropped below $50K. Just a few months ago, it was sitting closer to $70K.
That shift matters.
Because this cost often acts like a soft floor. When it drops, it lowers the level where miners feel pressure… and that can pull the market’s “bottom zone” lower too.
If this trend continues and we see it fall towards $45K, then it starts aligning with a scenario where $BTC could dip below $50K and find support somewhere around $46K–$48K.
And interestingly… that lines up with the August 2024 lows.
Not saying it happens instantly, but it’s one of those quiet signals worth watching.