CryptoQuant CEO: Bitcoin needs to remain above $80,000 to maintain mining profitability after halving

ChainCatcher reported that on May 1, total revenue from block rewards and transaction fees hit a new low of $26.3 million. Ki Young Ju, CEO of CryptoQuant, calculated that under current conditions, Bitcoin needs to remain above $80,000 to keep mining profitable after the halving. Most miners have chosen to take proactive measures to upgrade their mining equipment to reduce long-term operating costs while remaining competitive.