The electrical production cost of BTC has dropped below $50,000, whereas just a few months ago it was around $70,000. Analysts predict it will soon fall below $45,000, which means BTC's cost floor is shifting lower, and the price might test the $46,000-$48,000 range, aligning with the August 2024 low. The Kalshi prediction market also shows that this year's low is highly likely to be around 48k.