Is the liquidity vacuum about to snap in the other direction? Bitcoin traded at $63,869 on Monday, down 1.5% on the day and 3.7% over the week, while total crypto market capitalization slipped 1.4% to $2.27 trillion. Yet the network's hashrate remains anchored near all-time highs, creating a divergence that mining desks are watching closely.
| Metric | Value |
|---|---|
| Bitcoin Price | $63,869 |
| Weekly Price Change | -3.7% |
| Network Hashrate | 622 EH/s |
| Hashprice (30d) | $51.6/PH/day |
| Total Market Cap | $2.27 trillion |
• Bitcoin hashrate holds at 622 EH/s, within 3% of all-time highs despite price declining 3.7% over the past week.
• Hashprice has compressed 7.1% in 30 days to $51.6/PH/day, squeezing miners with power costs above $0.06/kWh.
• Miner net position change turned positive in June for the first time since March, signaling accumulation over distribution.
• Industrial power costs in key mining regions have risen 12-18% year-over-year, widening the breakeven gap between efficient and marginal operators.