Bitcoin miner margins fall to record low: Will BTC’s $60K floor hold?
Hex37's read
- Bitcoin miner profit margins have reached a record low.
- Bitcoin is currently testing its $60,000 support level.
- This situation raises concerns about potential price drops.
What it means for traders
- Declining miner profitability could lead to reduced selling pressure, potentially supporting BTC.
- A break below $60K could trigger further downside, making it a critical level to watch.
Affected markets
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