Bitcoin Miner Capitulation Hits December 2022 Levels Amid Record-High Hash Price and $2 Billion Sell-Off

The Bitcoin mining industry is facing significant challenges as miner capitulation reaches critical levels. Miners are experiencing increased financial strain due to rising costs and significant drawdowns in their holdings. Julio Moreno, a well-known crypto analyst, highlights that the current situation mirrors the severe conditions of December 2022. Bitcoin miners offload Bitcoin amidst rising operational

Source: CoinOtag