Bitcoin miners may take another 20% drop in BTC price before capitulating, data shows

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© Reuters.

Mining (BTC) activity is more important than ever at current price levels, and new data shows just how unlikely a miner sell-off really is.

As the popular Twitter account (NYSE:) @venturefounder noted on January 14, even at $42,000 the trading pair is around 20% above the miners’ cost price.

Annotated table of Bitcoin production costs (screenshot). Source: @venturefounder/TwitterBitcoin hash rate chart. Source: Blockchain

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