Actually, I also asked "Kuangba" about this issue. Han Zong's explanation is that the shutdown price (referring to $60,000) does not necessarily represent the mining cost, because as long as someone shuts down, the difficulty will decrease, and the later miners' actual mining cost will decrease. Therefore, the cost price is adjusted with the mining and computing power difficulty. It's just that the price of $60,000 is an emotional price. Some investors may think that buying at this price is taking advantage of the miners (lower than the miners' cost).
In fact, there is no definite shutdown price as the bottom price of #BTC. But to be honest, it is quite helpful emotionally. In the previous cycle, I remember that when BTC fell to $3,800, the miners were selling by the catty, which was already the shutdown price for 80% of the miners. But if you can hold on, you will make a fortune. However, no one has come back from the future. The general view at that time was that BTC would fall to three digits, and #ETH would fall to single digits, so there weren't many people buying the dip.
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