Bitcoin Miners Capitulation Nears Amid Plummeting Profits Since Halving

1 min read

11 months ago bitnews

Bitcoin miner capitulation gauges are getting close to the market bottom after the FTX crisis in late 2022, suggesting a potential bottom for BTC, according to market intelligence company CryptoQuant. As a means of survival or “earn yield or hedge their Bitcoin exposure,” some miners may cut down on operations