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JPMorgan Analysts Highlight Bitcoin Miner Stress and Strategy's Market Role
12/05/2025, 01:06
AI SUMMARY
●JPMorgan lowers BTC production cost estimate to $90k amid high electricity prices
●High-cost miners face sell pressure, impacting supply dynamics
●Strategy's ability to avoid forced selling seen as key to short-term price stability
JPMorgan analysts have lowered their Bitcoin production cost estimate to approximately $90,000, noting that falling prices and high electricity costs are creating sell pressure for high-cost miners. The report suggests these economic factors are squeezing miner profitability and influencing market supply dynamics.
Separately, the analysts identified Strategy (formerly MicroStrategy) as a critical factor for short-term price stability. They noted that the company's ability to maintain its valuation premium and avoid forced selling of its Bitcoin holdings is pivotal for the market's near-term direction.