Bitcoin mining economics remain under pressure, with miners losing nearly $19,000 per coin According to CoinDesk, the current average production cost of a single Bitcoin is approximately $88,000, while the market price is only around $69,200. This means miners face a loss of about $19,000 for every BTC mined, with an overall loss margin of 21%. At the same time, the global mining difficulty has decreased by about 7.8%, marking the second-largest drop in 2026. Hashrate continues to decline, falling back to around 920 EH/s, and the average block time has extended to over 12 minutes, indicating significant network stress. Cost pressures cannot be ignored either. Rising energy prices, combined with ongoing tensions in the Middle East, have kept electricity costs high. If miners are forced to sell their holdings to sustain operations, it could add extra selling pressure to the spot market. If prices remain below the cost line and difficulty continues to decline, the miner capitulation process may persist, making it difficult to alleviate structural pressure on the spot market in the short term.