BitcoinNews on Nostr: JPMORGAN: BITCOIN NEAR $85,000 COULD REDUCE MINER SELLING PRESSURE JPMorgan says ...
JPMORGAN: BITCOIN NEAR $85,000 COULD REDUCE MINER SELLING PRESSURE
JPMorgan says Bitcoin trading near its estimated $85,000 average production cost could provide relief to miners and reduce the risk of forced selling.
Bitcoin spent 280 days below the bank’s estimated production cost, pressuring higher-cost miners to shut down machines, sell older rigs and seek cheaper electricity.
The bank says a sustained move above $85,000 would improve the backdrop for miners and further reduce forced selling pressure.
Published at
2026-09-28 01:06:14 UTCEvent JSON
{
"id": "878feb8f3518c25ec95052ddb1232dbbb12ef4e3a870ef590d95db1511ea6ad6",
"pubkey": "2774d83c8f9789c583414292b1192c4345db7ff0d551ea32efa2958f4192f6e5",
"created_at": 1790557574,
"kind": 1,
"tags": [
[
"imeta",
"url https://image.nostr.build/e940cd1a4e49e342dc652d1c31e32c0edea8f9a23d9295ed56dad439a04e349c.jpg",
"blurhash e5P?%SoZQ,yXtk_NofIVoIjYl6D+x^w]nh?bRn-nM|M~ELbEj]sTbI",
"dim 1132x834"
],
[
"r",
"https://image.nostr.build/e940cd1a4e49e342dc652d1c31e32c0edea8f9a23d9295ed56dad439a04e349c.jpg"
],
[
"client",
"Damus"
]
],
"content": "JPMORGAN: BITCOIN NEAR $85,000 COULD REDUCE MINER SELLING PRESSURE\n\nJPMorgan says Bitcoin trading near its estimated $85,000 average production cost could provide relief to miners and reduce the risk of forced selling.\n\nBitcoin spent 280 days below the bank’s estimated production cost, pressuring higher-cost miners to shut down machines, sell older rigs and seek cheaper electricity.\n\nThe bank says a sustained move above $85,000 would improve the backdrop for miners and further reduce forced selling pressure.\n\nhttps://image.nostr.build/e940cd1a4e49e342dc652d1c31e32c0edea8f9a23d9295ed56dad439a04e349c.jpg",
"sig": "dca67afc991bd3f497bff80a69c5d058dae11f9bb137d0a6966560d2dd6ac4172fb485d5833884a5c6f59a2f554da68f9780c4a43bebcb462acef9be74087754"
}
