Bitcoin options worth $6.4 billion expire tomorrow as BTC trades at $80001.58 with EMA50 support at $76249.79 and MACD death cross on 4h chart.

According to @saylor, Elon Musk stated that "Energy is the true currency; Bitcoin is based on energy," reinforcing an energy-based framework for BTC valuation; source: X post by @saylor dated Nov 30, 2025. Under Bitcoin’s proof-of-work, miners expend electricity to produce valid blocks, making electricity pricing a core driver of mining economics; sources: Bitcoin Whitepaper by Satoshi Nakamoto (2008) and Cambridge Bitcoin Electricity Consumption Index (CBECI). For trading, monitor hash price and miner revenue per TH/s to assess miner margin conditions that track energy costs and network competitiveness; source: Luxor Hashrate Index definitions.

According to @simplykashif, Elon Musk stated that energy is the true currency and linked Bitcoin BTC to energy in an X post on Nov 30, 2025, highlighting the energy-based narrative around BTC mining. Source: @simplykashif on X. This aligns with Bitcoin’s proof-of-work design where miners expend electricity to secure the network, tying BTC’s security budget to energy usage. Source: Satoshi Nakamoto 2008 Bitcoin whitepaper; Cambridge Centre for Alternative Finance Cambridge Bitcoin Electricity Consumption Index CBECI. For trading, miner profitability and potential miner-driven BTC supply are highly sensitive to electricity prices because power is a dominant operating expense for industrial miners. Source: Riot Platforms 2023 Form 10-K; Marathon Digital Holdings 2023 Form 10-K; Cambridge Centre for Alternative Finance CBECI. Hashprice a standard metric for miner revenue per unit of hashrate and energy input costs are key to assessing mining margins and potential sell pressure on BTC. Source: Luxor Hashrate Index; Riot Platforms 2023 Form 10-K.