⚡️⛏️ NEW - Bitcoin has remained below its production cost for 5 months, and miners are starting to crack. According to JPMorgan, the estimated production cost of one BTC is around $78,000, putting about 20% of miners in the red. Mining companies sold more than 32,000 BTC in the first quarter of 2026 to finance their operations—more than their total sales for the entire year of 2025. This creates enormous pressure, because when miners are no longer earning enough, they often have only two options: sell their reserves or shut down their machines. This is where the signal becomes important for the market. A Bitcoin price below its production cost doesn’t mean it “must” rebound immediately, but it creates a zone of stress: the least efficient miners suffer, the hashrate becomes more unstable, and the difficulty may undergo adjustments.