Bitget Research Institute: Bitcoin miner cost range of $60,000-65,000 may constitute key support

Odaily News Ryan Lee, chief analyst at Bitget Research, pointed out that due to factors such as uncertainty in tariff policies and higher U.S. Treasury yields, volatility in the crypto market has intensified. BTC will fluctuate in the range of $68,000-85,000 in the short term, and ETH will face a support test of $1,550. If it falls below this level, it may trigger liquidation of approximately $480 million.
From a structural perspective, most miners use ASIC equipment for mining, which has a relatively low unit computing power cost. The average mining cost of BTC is about 60,000-65,000 US dollars, which constitutes an important bottom support area for prices. At the same time, the activity on the ETH chain continues to be sluggish, and the gas fee remains low, reflecting the weakening of user participation and the overall market sentiment is still relatively fragile.
As macro headwinds continue to affect risk assets, the short-term trend of the crypto market will depend on how investors interpret policy changes and the global liquidity environment. The next few weeks may be a key observation period for changes in market direction.