Bitcoin is flat at $70,000 and nobody's talking about why that number is actually terrifying.

The cost of production band currently sits at $62,000 to $70,000. It is the price range it costs miners to keep the network running. When price drops into this zone, miners start bleeding. When it breaks below it entirely, the weakest miners shut off their machines and sell everything they have.
That forced selling is what creates the real bottom.
Right now Bitcoin isn't approaching this band. It's sitting inside it. Miners are already under pressure at these prices and the market is acting like everything is fine. Look at every bear market since 2014 price didn't just touch this band, it pierced through it, created panic, shook out every weak hand, and then recovered violently. The people who bought when miners were in maximum pain made life changing returns.
The question is do you have a plan if $62,000 breaks and miner capitulation hits or are you just hoping the low is already in?