JPMorgan analysts stated that Bitcoin briefly surpassed its estimated production cost of around $85,000 this week, after staying below that level for 280 consecutive days. If the price can remain above the production cost, miners may see reduced profitability pressure and a lower risk of being forced to sell BTC. Analysts noted that historically, Bitcoin's production cost has served as a 'soft floor' for its price. Prolonged periods below this level could force high-cost miners to sell more BTC, shut down mining rigs, or exit the market altogether. At the same time, mining companies are reallocating some of their operations, electricity, and data center resources toward AI computing. Bitcoin's total network hashrate has dropped approximately 19% from its peak last October, and mining difficulty has decreased by about 15%. JPMorgan believes this trend could help limit excessive hashrate expansion and slow the growth of Bitcoin production costs, aside from the impact of halving events. (The Block) https://(wublock123.com)/news/jpmorgan-bitcoin-breaches-85000-production-cost-network-hashrate-down-19pct-68963