'Bitcoin miner capitulation' nears FTX crash: What happened in the past?
Bitcoin hash rate has declined by 7.7 percent since May. This decline is almost at the same level as the FTX crash. According to CryptoQuant, such declines often indicate that potential type points have been reached in terms of prices.
CryptoQuant underlines that such declines often show that potential bottoms in terms of prices have been reached.