OKG Research: Three major benefits drive the Bitcoin mining cost/price ratio down to 0.85, with mining costs at 85743.01/BTC

ChainCatcher news, according to the OKG Research of OKChain Research Institute, this ratio has fallen below 1 for the second lowest level since November 11. It not only maintains the healthy profitability of miners and stabilizes the Bitcoin ecosystem but also boosts miners' confidence and reduces the risk of sell-offs due to cost pressures. The decrease in the ratio is mainly attributed to three recent positive news, as follows:

1. MicroStrategy included in the Nasdaq: News on Saturday indicated that MicroStrategy has been officially included in the Nasdaq component stocks, meaning that any investors holding or purchasing the Nasdaq will passively allocate Bitcoin, further strengthening the institutional trend.
2. FASB fair value accounting rules take effect: The new regulations officially come into effect today, allowing companies to optimize their financial reports by holding Bitcoin as a reserve asset, which is expected to accelerate the adoption of Bitcoin in corporate asset allocation.
3. Rising expectations for Fed rate cuts: According to CME FedWatch data, the probability of the Federal Reserve cutting rates by 25 basis points in December has reached 96%, and the loose macro environment further benefits the Bitcoin market.