Bitcoin miners' great escape! JPMorgan's dark scheme in the crypto world: A wave of high-cost miners selling off may trigger a chain reaction of liquidations. Is your account still safe?
The crypto world has been stabbed in the back by JPMorgan, and this report directly exposes Bitcoin's vulnerabilities: high-cost miners are collectively selling off, with $90,000 becoming a life-or-death line, and the entire market is about to be bloodied by this operation!
1. JPMorgan pierces the emperor's new clothes: High-cost miners can't hold on any longer! Previously, people in the crypto space always boasted about Bitcoin's resilience, but JPMorgan has flipped the table: stop pretending! Now even high-cost miners are selling coins to survive!
Bitcoin's price has fallen below production costs; high-cost miners mining for a day can't even earn back their electricity costs and can only sell Bitcoin for cash! More heartbreakingly, JPMorgan has slashed the estimated production cost of Bitcoin from $94,000 directly down to $90,000, because even a $0.01/kWh increase in electricity prices means the production cost for high-cost miners jumps by $18,000! Is this mining? This is risking life to fill a hole!
2. Hashrate decline + global miners' exodus: A vicious cycle is about to tear off the bottom! JPMorgan has also revealed a harsher logic: the decline in hashrate is not a good sign but a death knell! After China banned private mining, overseas miners barely held on. Now? With falling coin prices + expensive electricity, even overseas high-cost miners can't hold on and are collectively exiting the market! As the hashrate declines, miners should be earning more, but with coin prices falling below costs, they are forced to sell off. The more the price drops, the more miners sell; the more miners sell, the more the price drops! This is a vicious cycle that devours everything without spitting out bones!
3. What should retail investors do? See through the underlying logic of miners' selling pressure! Institutions are panicking like this, we retail investors shouldn't become cannon fodder! Remember these three iron rules:
Don't blindly catch the bottom: High-cost miners are still selling, there's heavy selling pressure in the market; if you buy now, you're just a bag holder!
Keep a close eye on miners' movements: In the future, when coin prices fluctuate, first check if miners are selling; they are the market's open short sellers, and following their rhythm is the only way to survive!
This time, JPMorgan has stripped the miners bare, and it also teaches us retail investors a lesson: the crypto world is never about technical victory, but about seeing through who is dumping and why they are dumping! Retail investors should be patient and wait for opportunities, strike accurately and steadily. Follow Zitan, come to the village to get daily sharing of real-time strategies + cutting prevention guide!
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