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

Odaily Planet Daily News Bitget Research Chief Analyst Ryan Lee pointed out that due to factors such as uncertainty in tariff policies and higher U.S. Treasury yields, the volatility of 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 test of support at $1,550. If it falls below, it may trigger a liquidation of about $480 million. From a structural perspective, most miners use ASIC equipment for mining, and their unit computing power cost is relatively low. The average mining cost of BTC is about $60,000-65,000, 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. Against the backdrop of macro headwinds continuing to affect risky 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 become a key observation period for changes in market direction.