If Bitcoin Drops Further, Some Miners May Switch Off — Antpool Data Explains Why

Key Takeaways Bitcoin at $78,000 is nearing shutdown prices for many mid-tier miners like S19 XP+ and M60S. Antminer S21 series rigs could suffer losses if BTC drops to the $69,000–$74,000 range. Efficient models like S23 remain profitable even at much lower prices around $44,000. Bitcoin is trading at $78,489 following a volatile slump, putting miner profitability on a knife’s edge. If BTC slides further below $69,000–$74,000, mid-tier rigs may reach a tipping point, forcing a wave of shutdowns. ...