Analysis: The energy crisis has raised mining costs, with miners facing a loss of nearly $19,000 per BTC

Data shows that the economic pressure on Bitcoin mining is intensifying. The current average production cost per coin is about $88,000, while the current Bitcoin price is approximately $69,200, meaning miners are losing nearly $19,000 per BTC, resulting in an overall loss of about 21%. Meanwhile, the overall mining difficulty has decreased by about 7.8%, marking the second-largest drop within 2026, reflecting the exit of computing power and rising network pressure.

Analysis suggests that rising energy prices, combined with the tense situation in the Middle East, further increase mining costs. Electricity costs remain under pressure, and if miners are forced to sell Bitcoin to maintain operations, it could create additional selling pressure on the market. If Bitcoin prices continue to stay below the cost line and difficulty continues to decrease, the process of miners clearing out may continue, putting pressure on the spot market structure in the short term.