JPMorgan says bitcoin crossing $85,000 production cost could ease miner selling pressure

JPMorgan estimates Bitcoin’s average production cost at roughly $85,000, a level that could reduce miners’ incentive to sell if the market trades above it. The bank’s analysis suggests higher prices would improve mining profitability and help ease selling pressure from miners seeking to cover operating costs. However, the threshold is an estimate and remains sensitive to network difficulty, energy prices, and mining efficiency.