Bitcoin Miner Behavior Confirms Local Bottom Formation At $80,000

The Bitcoin market is stabilizing around $90,000 after a recent recovery. The cryptocurrency had previously dropped 36.10% from its all-time high of $126,100. Current data on Bitcoin miner activity suggests the asset may have reached a local bottom, indicating potential for an uptrend.

Market analyst BorisD shared insights on CryptoQuant, suggesting Bitcoin formed a local bottom at $80,000 during its recent correction.
This theory is supported by miners being in an underpaid status, which often confirms a local market bottom.
Miners become underpaid when mining revenue falls below operating costs, leading to financial stress and forced selling.

Bitcoin Miners' Economics and Market Influence

Bitcoin miner profitability has historically been a key indicator of market tops and bottoms. High miner revenue usually leads to increased supply distribution, aligning with market tops, while underpaid conditions signal local bottoms.

By mid-2024, patterns showed capitulation zones indicating local bottoms, while overpaid zones matched market tops.
In Q4 2025, Bitcoin's price fell to $80,000, completing a capitulation cycle and confirming a price local bottom.

Bitcoin Market Overview

Bitcoin is currently trading at $90,898, with a minor 0.64% gain over the past 24 hours. Trading volume is down 36.32% to $38.77 billion.

Analysts expect Bitcoin miners' profitability to improve if prices remain above $80,000, supporting upward momentum.
Despite atypical market behavior, there is optimism about Bitcoin surpassing its previous six-figure valuation.

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