Energy Pressure

Composite signal measuring whether energy input costs are rising or falling relative to their recent trend. Combines multiple cost sources into a single directional indicator.

Why: Shows the direction of aggregate mining energy costs. Rising pressure compresses margins even when BTC price is stable. Falling pressure improves profitability without needing a price increase.

Category: Energy | Formula: Average deviation of energy cost components from their recent moving averages

Available in briefings: btc.energy

API: GET /api/context?briefing=btc.energy

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