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CryptoQuant 分析师:当前比特币挖矿成本为 3.68 万美元/枚

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2025-05-13 06:18:03

CryptoQuant首席分析师Axel Adler Jr发布重磅市场洞察:比特币挖矿成本与价格差值创牛市周期新高



最新数据显示,当前比特币矿工挖掘单枚BTC的平均成本已达到36,800美元,而市场价格与生产成本之间的差值幅度惊人地攀升至182%。这一关键利润率指标已完全追平2022年11月牛市启动初期的历史水平。



分析师强调,若比特币延续当前上涨趋势,矿工行业将实现三大里程碑式突破:



1. 完全消化2024年最新减半事件带来的运营冲击

2. 利润率将超越2023年1月牛市爆发阶段的峰值水平

3. 为矿企创造历史性的资本积累窗口期



值得注意的是,该报告首次明确预测:本轮周期价格顶点极可能突破10万美元心理关口,这较多数机构预测高出20%-30%。



对投资者的关键影响:

1. 矿工抛压风险降低,市场流动性结构改善

2. 矿业股或迎来超额收益机会

3. 10万美元目标价将重构市场预期框架

4. 需警惕短期获利回吐导致的波动加剧

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