Half of Bitcoin mining machines hit shutdown price: Market decision under computing power reshuffle When the price of Bitcoin oscillates around $85000, more than half of the mining machines are approaching the shutdown price. This phenomenon not only concerns the survival of miners, but also reflects a key turning point in the price trend of Bitcoin. The shutdown price is the balance point between the operating cost and revenue of the mining machine, calculated by the formula: Shutdown price=(daily power consumption of mining machines x electricity price) ÷ (daily output of Bitcoin x mining pool handling fee coefficient) If the price of Bitcoin continues to decline, miners will be forced to cease operations, leading to a decrease in computing power across the entire network. Historical data shows that when computing power drops by 30%, Bitcoin often experiences a rebound - such as in the bear markets of 2018, 2020, and 2022, where prices significantly rebounded after a wave of shutdowns. The shutdown of mining machines will reduce the supply of Bitcoin, and at the same time, the pressure on miners to sell inventory will weaken. Historical experience shows that when computing power decreases by more than 26%, the market often rebounds due to supply contraction. From a historical perspective, the shutdown price is often a signal of market bottoming out. If the price of Bitcoin falls below the key support of $80000, it may trigger more mining machine shutdowns, further exacerbating market panic and causing prices to continue to decline. Bitcoin is currently at a critical turning point, and the shutdown price of half of the mining machines is both pressure and opportunity. In the short term, the market may continue to fluctuate due to panic selling and technical adjustments, but in the long run, a reshuffle in computing power, institutional entry, and macroeconomic factors may drive price recovery. Investors need to be alert to short-term risks and pay attention to key indicators such as changes in computing power, policy trends, and institutional holdings to grasp the market rhythm.