TechFlow news, May 13 — CryptoQuant analyst Axel Adler Jr. posted that the current average cost for miners to produce one bitcoin is $36,800, and the margin between the current market price and mining cost has reached 182%, a profit level comparable to the beginning of the bull cycle in November 2022.
The analyst stated that if bitcoin prices continue to rise, miners could fully recover from the recent halving event and achieve profit levels similar to those seen at the start of the 2023 bull market. The analysis also suggests that the peak price in this cycle could exceed $100,000.
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