Bitcoin Miners Are Losing $20,000 Per Coin, So Why Have They Stopped Selling?

BitcoincomNews

2026-03-23 10:11:58

Abstract generation in progress

Story Highlights* Bitcoin costs $88,000 to mine but is trading near $68,000 and miners are switching machines off.

Despite losing money on every coin, miners have nearly stopped sending Bitcoin to exchanges to sell.
The last two times Bitcoin traded this far below production cost, it marked a cycle low.

BTC2,26%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes