Bitcoin miner floor $93,000, break-even $96,000 as $100,000 looms

On January 8, 2026, engineer David said Bitcoin's miner energy floor is $93,000, with full-cycle break-even near $96,000. He noted roughly $1.2 billion flowed into spot ETFs this week while miner hedging compressed price around $90,000–$96,000. Hedge strength sits near 100% at the year's start and is projected to drop toward ~43% by late January.