Bitcoin Miners Signal Potential Market Bottom Amid Capitulation Trends: CryptoQuant Analysis

Bitcoin miners might have reached a potential bottom, as indicated by capitulation metrics from CryptoQuant analysts. The halving cycle and BTC’s approach towards $50,000 have reportedly led to signs of miner capitulation. Mining capitulation involves Bitcoin miners reducing operations or selling a portion of their Bitcoin reserves to stay operational or profitable. CryptoQuant’s analysis suggests

Source: CoinOtag