BTC Crash Impact: Half of the mainstream Mining Rig near shutdown price, BTC spot ETF investors Rekt $1.3 billion

As BTC continues to crash, more than half of the mainstream BTCMining Rig is on the verge of shutdown price or has fallen into the red, BTCSpot ETF investors are not feeling well, since the US election last November, the average purchase price of BTCSpot ETF is about $97,000, and investors who entered the market during this period have accumulated losses of about $1.3 billion. (Synopsis: Analyst: on-chain indicators show that BTC or has built a bottom, PlanB: BTC if V turns, it proves that Bull Market is still there) (Background added: Trump threatened to increase the EU 25% tariff, BTCLong Wick Candle $82,200!) The panic and greed index fell to 10, a two-and-a-half-year low) Affected by factors such as Trump's tariff war, the cryptocurrency market has continued to be weak recently, BTC today as low as Long Wick Candle $82,236, a new low since mid-November last year, and the panic and greed index has rarely dropped to a state of extreme fear of 10, which has caused a big impact on Miner's profitability. Half of the mainstream mining rigs are close to or touch the shutdown price F2pool data shows that in the case of BTC price of about 84800 US dollars, electricity price of 0.06 US dollars / kWh, more than half of the mainstream BTCMining Rig is on the edge of shutdown price or has fallen into a loss, 135 mainstream mining rigs, 68 Mining Rigs daily net income is negative, accounting for about 50.4%, these mining rigs are no longer profitable under the current electricity price. Among the 67 Mining Rigs that still have room for profit, 16 Mining Rigs account for more than 60% of their electricity costs, of which Shenma M33S+ and Shenma M30S+ account for up to 99%, and Ant S19's electricity costs account for 100%, which is at break-even point. In the latest generation of Mining Rig, the Ant S21 XP water-cooled version accounts for only 35% of the electricity bill, with a daily net income of $15.12 and a shutdown coin price of only $29,757, which is one of the best anti-risk Mining Rigs on the market, followed by the Ant S21e XP water-cooled version (shutdown coin price $32,237), Teraflux AI3680 (shutdown coin price $37,197). BTC bottoming signal? The Mining Rig near-shutdown price is seen by some analysts as BTC's "Intrinsic Value" reference point, and when the price approaches or falls below this level, the market may attract long-term investors to get on board because they believe the price is close to the bottom. On the other hand, when approaching the shutdown price, some Miners may also choose to sell the previously hoarded BTC to cover operating costs (such as electricity bills or equipment loans), which may increase the dumping pressure on the market and further depress the price, so the BTC price may not stabilize so quickly in the short term. BTCSpot ETF investors lose badly after election With BTC's recent sluggish performance, BTCSpot ETF investors have also suffered huge losses, according to the Financial Times, Geoff Kendrick, head of global digital asset research at Standard Chartered Bank, estimated that the average purchase price of BTCSpot ETFs since last year's US election was about $97,000, and investors who entered the market during this period have accumulated losses of about $1.3 billion. The global cryptocurrency market has lost more than $800 billion since its January high, and Gadi Chait, investment manager at Xapo Bank, analyzed that traders were disappointed that Trump failed to quickly implement the reforms promised during the campaign, and the market had expected the main pro-cryptocurrency policy to land faster, but the progress was not as expected, causing market sentiment to cool. The report pointed out that some traders had hoped that under Trump's leadership, the US government would start buying BTC and quickly introduce new regulations to encourage large financial institutions to invest in cryptocurrency, but Trump's most high-profile move after taking office was the launch of the official meme coin TRUMP in January, and the TRUMP price has been dumped from a high of 83%, and Trump has been widely criticized. Michael Dempsey, managing partner of venture capital firm Compound, said Trump's behavior in developing memes has led other politicians to follow suit, "effectively destroying the market" in the short term. Matt Hougan, chief investment officer at Bitwise, said that what the market is currently digesting is the end of the meme coin boom, and the loss of market vitality will drag down Cryptocurrency's performance before institutional investors return to the market, with many investors grossly overestimating Trump's positive impact on the cryptocurrency industry. Related reports BTCSpotETF "single-day net outflow of 938 million magnesium" record high! Expert: Seriously affected by the general economic impact of price drops BTCflash crash, what signal did the traders who fled the top in advance find? Cobo Sacred Fish: If the United States does not establish BTC reserves this year, this round of Bull Market may be over "BTC Crash Impact" Half of the mainstream Mining Rig is on the verge of shutdown, BTCSpot ETF investor Rekt $1.3 billion" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".