Miner capitulation is back as bitcoin’s $70,000 price fails to cover $87,000 production costs

Miner capitulation has returned to the crypto market as the current price of Bitcoin, which hovers around $70,000, falls short of covering the production costs of $87,000 required for mining the cryptocurrency. This situation indicates that many miners are facing significant financial strain, as they are unable to sustain their operations profitably at this price point. As a result, we may see an increase in the number of miners exiting the market, leading to potential shifts in Bitcoin's network dynamics and possibly impacting its price further. source: https://www.coindesk.com/markets/2026/02/05/bitcoin-trades-20-below-its-production-cost-as-miner-stress-intensifies