Most people watch only Bitcoin price.
I watch cost bases.
Another one to keep on the radar: miner breakeven.
MARA’s latest disclosure puts avg BTC mining cost around $67.7k.
How I read it:
• Above it: miners can sit tight.
• Below it: margin stress builds and sell pressure risk rises.
Takeaway: $67k-68k is a key zone to track next to STH/LTH and ETFs cost basis.
Do you treat miner cost as real support, or just a background metric?
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