Serious question: With Cango showing a $67k/BTC production cost and major players like Marathon reportedly over $80k, does this fundamentally create an $80k+ price floor? I keep hearing 'miners can't afford to sell lower, but didn't we see BTC trade 30-40% below mining costs for months in 2018/2022? How much do hedging strategies (e.g., Marathon locking in $75k futures) or debt obligations distort the 'true' break-even? If ETF inflows keep absorbing supply, could this cycle actually be different, or are we just repeating the 'mining cost = unbreakable support' myth? Genuinely conflicted – historical data vs. new institutional dynamics.