BFX shorts are close to ATH and crossed BFX longs. In the past we have seen good bounces (or bottom building) in these situations (e.g., June or April). Furthermore BTC prices are now in the range of short-term marginal costs of mining. Marginal costs only include electricity expenses for mining and are generally considered as lower price limits (not only in the BTC mining industry). An indication that the market is bottoming out.
