$BTC estimated production cost has now fallen below $47K and it keeps trending lower week by week. Historically, this metric tends to bottom about a month after BTC price finds its low. But this time, the pattern feels different. If the model still holds, it suggests the market may not have seen its true bottom yet. If it doesn’t… then one of the most followed cost-based indicators might be losing its edge. So the question is simple, Is price still catching up, or is the model starting to fail?
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2April 12, 2026 1.3K
