CryptoQuant Analyst: Current Bitcoin Mining Cost is $36,800 per Coin

CryptoQuant analyst Axel Adler Jr stated in an article that the current average cost for miners to mine one Bitcoin is $36,800. The difference between the current market price and the mining cost has reached 182%, a profit level comparable to the start of the bull market cycle in November 2022. The analyst noted that if Bitcoin prices continue to rise, miners will be able to fully recover from the recent halving and achieve excess profit levels comparable to the start of the bull market in January 2023. The analysis also pointed out that the price peak of this cycle could exceed $100,000.