Bitcoin has NEVER dropped below its "Electrical Cost".
The last 2 cycle bottoms happened above the Electrical Cost.
Right now, it stands at $58,470.

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Bitcoin's price briefly touched $60,000 last week. Under a diminishing returns model, this is no mere noise. The market is touching the weakest link in the entire four-year cycle and logarithmic growth framework.

With the gains at the top of the Bitcoin cycle already significantly compressed, a further historically deep correction would completely negate the allure of its classic cycles.

This is not a prediction; it's a mathematical law.

Cycle Top Gains are Compressing

Historical Bitcoin Cycle Tops:

· 2013: ~$1,242

· 2017: ~$19,700

· 2021: ~...

$55,000 will be the lifeline for Bitcoin.

The U.S. Department of Justice (DOJ) has announced a 20-year prison sentence for Daren Li, 42, for his involvement in a global cryptocurrency investment scam. Notably, the sentence was...

The ringleader of a cryptocurrency scam worth approximately $74 million has been sentenced to 20 years in prison.

MegaETH officially launched its mainnet with the goal of achieving 50,000 TPS and a Block Time of 10 milliseconds, deploying over 50 dapps from day one.
MegaETH launches mainnet, aiming for 50,000 TPS and a Block Time of 10 million...

MegaETH launches mainnet, aiming for 50,000 TPS and a Block Time of 10 milliseconds.

Problem with electrical cost is that it decreases a bit while dipping due to mining facilities going offline making hash rate fall.
This move has to turn swiftly either way, for the bulls to not fully loose it.

It was below electricity cost in 2016/17. It's on your chart.