Bitcoin Mining Industry Reaches Breaking Point Amid Geopolitical Crisis

Bitcoin miners operating at critical losses ($19,000 per coin) are forced to sell holdings, adding significant downward pressure to an already oversupplied market. The crisis exposes how geopolitical events—particularly Middle East tensions driving oil above $100—directly undermine mining economics and network security through cascading hashrate declines. This convergence of market fundamentals and external shocks represents a potential systemic threat to Bitcoin's long-term viability.