Bitcoin miners are under pressure.
$BTC is down 30% from its peak, and the hashrate is falling, showing miner capitulation. This often happens near market bottoms.
Miners are selling to cover costs, but big players and institutions are buying.
In the past, similar hashrate drops were followed by strong price recoveries in the next few months.
Fear is high, but history shows this phase can turn bullish over time.
BTC
80,664.09
-1.20%