According to @CrypNuevo, Bitcoin’s estimated mining cost is around $74,000 and has historically acted as a long-term support level for BTC price, implying a potential price floor near this zone (source: @CrypNuevo). According to @CrypNuevo, the current BTC spot price is very close to this production cost, suggesting downside from here is limited when using mining cost as a valuation anchor (source: @CrypNuevo). According to @CrypNuevo, BTC price rarely remains below this mining cost for extended periods, reinforcing the $74K area as a key support for traders to monitor (source: @CrypNuevo).

According to Material Indicators on Twitter, FireCharts data reveals that Bitcoin bid liquidity is shifting, creating conditions that could allow BTC prices to move lower. However, there is evidence of whales placing incremental market buy orders within the current range, which may help establish a potential price floor and limit further downside in the short term. Traders should closely monitor ongoing order flow and liquidity changes for actionable opportunities, as these trends can significantly impact near-term Bitcoin price volatility (source: @MI_Algos, May 30, 2025).