💡 Tip: The following article data is for reference only. Please refer to the actual situation and customer service response for details.
Bitcoin price fluctuations are normal in the market. While the current price of $70,000 is a slight pullback from its historical high, it remains in a long-term high range for the 2024 halving cycle.
For Bitaxe miners, the decision to continue mining depends on individual cost-benefit analysis. Firstly, mining profitability depends on Bitcoin price, network difficulty, electricity costs, and mining rig efficiency.Bitcoin may be in a period of volatility in 2026. If future price expectations rebound (such as based on the halving event), continuing to mine could yield higher returns.
Bitcoin Status Quo？📉
- Current Price: Fluctuating around $70,000.
- Key Level: $70,000 serves as a critical psychological and technical support level (e.g., potentially aligning with the 120-day moving average or a prior consolidation zone).
- Volatility: The 30-day annualized volatility likely resides in the 40%-60% range, lower than in earlier eras but significantly higher than traditional assets.
- Market Dominance: Bitcoin's share of the total cryptocurrency market cap is estimated to be stable between 52%-55%, underscoring its role as the core crypto asset.
- ETF Flows: Daily net inflows/outflows for U.S. spot Bitcoin ETFs are a crucial sentiment gauge. Recent periods may show net outflows in the hundreds of millions of dollars per day, correlating with the price pullback.
- Exchange Balances: Bitcoin balances on centralized exchanges are projected to be in a slow, steady decline, consistent with the trend of withdrawal to cold custody.
- Hash Rate: The network hash rate is expected to operate within a historical high range of 700-1000 EH/s, reflecting continued capital commitment from miners.
- Mining Difficulty: Has reached new all-time highs following the 2024 halving, continuously pressuring less efficient miners.
- Miner Revenue: The proportion of revenue from transaction fees has increased significantly post-halving. During periods of high Ordinals/NFT activity, this share could periodically exceed 20%.
- Interest Rate Environment: The monetary policy cycle of major global central banks (e.g., the Fed, ECB) remains a key macro variable. Shifts in rate cut expectations significantly impact capital flows.
- Regulatory Milestones: Major jurisdictions (e.g., EU's MiCA, specific U.S. custody/trading rules) have entered full implementation phases, providing clarity for compliant institutions while raising operational compliance costs.
📊 Summary & Data Insights
- Whether ETF fund flows revert to consistent net inflows.
- Any acceleration in exchange balance changes (indicating selling pressure).
- Signs of distribution in Long-Term Holder supply.
🔥Bitcoin Status Analysis(Binance Cycle 🔄Prediction)
$BTC Officially Enters Downtrend, The 4-Year Cycle Is Repeating After the $126K Peak
- In my opinion, the 4-year cycle of $BTC will still repeat, and at this point we already have confirmation of the Downtrend.
- Bitcoin’s 4-year cycle is based on the Halving event, Halving reduces the new supply of Bitcoin, creating scarcity.
- And history shows that after each Bitcoin Halving, Bitcoin usually surges strongly within 1 to 1.5 years afterward and reaches a peak, then continues with a strong correction in the following year => downtrend.
- As in previous cycles:
+ 2012 Bitcoin Halving => 2013 BTC reached peak => 2014 price strong downtrend
+ 2016 Bitcoin Halving => 2017 BTC reached peak => 2018 price strong downtrend
+ 2020 Bitcoin Halving => 2021 BTC reached peak => 2022 price strong downtrend
- 2024 Bitcoin Halving => 2025 Bitcoin reached peak at 126k $ and 2026 history seems to be repeating as BTC has broken out of the previous uptrend and is declining quite strongly.
- Many people before and now believe that BTC’s 4-year cycle no longer exists because of ETF, but in my view the 4-year cycle will still repeat, the only thing that might be different is that it may not drop massively as sharply as in previous cycles.
- In summary, in my opinion the downtrend has been confirmed in this year 2026, something I had predicted back at the end of 2025.
- So at this moment we need to be careful and should not chase buys during temporary recoveries, the price can still drop much deeper this year before accumulating for the new cycle.
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