Bitcoin's price remains under $90,000, reflecting high volatility and diminishing market confidence. Miner profitability has declined to 22%, approaching the Alert zone, marking one of the weakest levels since 2022. The demand-supply balance in mining economics has dropped by 38%, with a decrease in blockspace demand. Miner revenue has fallen to $40 million, impacting less efficient operations. Analysts suggest that Bitcoin must surpass the 200-day moving average to mitigate further volatility.