Bitcoin price vs mining cost — the signal most people ignore 🧵
In the last 10 years, BTC has only touched or fallen below its global mining cost a handful of times.
Every single time, it marked a major inflection point.
Here are the exact moments 👇
⸻
2015 — Post Mt.Gox
BTC ≈ mining cost (~$200)
➡️ Miner capitulation
➡️ Difficulty drops
➡️ Start of multi-year bull market
⸻
Dec 2018 — Crypto winter
BTC ≈ / < mining cost (~$3.2k)
➡️ Hashrate collapse
➡️ Weak miners exit
➡️ BTC +300% in 6 months
⸻
Mar 2020 — COVID crash
BTC << mining cost (~$3.8k vs ~$6k)
➡️ Liquidity shock
➡️ Fast recovery
➡️ 2020–2021 ATH cycle
⸻
Jun–Jul 2022 — LUNA / 3AC
BTC ≈ mining cost (~$18k)
➡️ Forced miner selling
➡️ Structural bottom
➡️ Trend reversal into 2023–24
⸻
Now — 2025
BTC ≈ mining cost again (~$90k)
This zone never lasts long.
Historically, BTC does one of two things:
1.Miner flush → price expands
2.Price breaks away upward
There is no long-term equilibrium here.
⸻
Core rule:
Bitcoin cannot stay below its production cost.
Either supply exits
or price rises.
Often both.
⸻
Watch miners, not noise.
#Bitcoin #BTC #Crypto #OnChain #Mining #Halving
🌳 tETH Turns One: A Review
In one year, $tETH has grown to 81K+ ETH ($300M) in TVL, 47K+ users, and 2 chains, delivering on its promise of steady, low-volatility yield.
But the real story isn’t just returns.
It’s how the strategy held strong through DeFi’s “hard mode.” 🧵👇
🌳 TIP 4: TREE Buybacks
A new TIP proposal is live to allocate 50% of MEY fees from $tETH toward $TREE buybacks.
Acquired TREE will be held in a designated address managed by the DAO Treasury, strengthening long-term alignment between protocol growth and tokenholder value. 🧵👇
🌳 Q3 2025 was Treehouse’s biggest quarter yet.
We launched $TREE through Gaia TGE, expanded tAssets across major protocols and chains, and saw real-world adoption of DOR with institutional integrations.
Here’s everything we built this quarter. 🧵👇
https://t.co/SC5srbfA6p