Bitcoin's price floor is essentially locked in by mining economics. Here's the thing—BTC has historically never broken below its production cost, and right now the electrical expense alone sits at roughly $71,000 per coin. That's a pretty solid base case. When miners are running at breakeven or loss, they simply shut down operations rather than bleeding money. This creates natural support. So long as the energy cost to mint new bitcoins stays this elevated, we're unlikely to see prices crater below that threshold. It's physics meeting economics—miners won't keep the lights on if they're losing cash.