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If the price of bitcoin falls below $70,000, major bitcoin miners will face the risk of bankruptcy.

If the price of bitcoin falls below $70,000, major bitcoin miners will face the risk of bankruptcy.

币界网币界网2026/02/02 19:06
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According to a report by Bijie Network: The latest round of Bitcoin sell-offs is approaching the $70,000 mark, which is a critical area for mining economics. Data shows that the shutdown price for modern mining machines such as the Antminer S21 series is concentrated between $69,000 and $74,000. Below this range, operational profitability will be limited, cash flow will be under pressure, and weaker miners may be forced to sell mining pools or reduce computing power. Although $70,000 is not an absolute price floor, if it remains below this level, the mining pressure, combined with existing pressures such as tight liquidity and ETF fund outflows, could further intensify the market downturn.
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