📣 Bitcoin miners might be throwing in the towel, but don't fret! This could be the calm before the storm. 🌩️

- Bitcoin's network hash rate has dipped 7.7% since the recent halving, hinting at miner capitulation.

- Daily revenues have taken a hit, dropping 63% from $79M to $29M, with transaction fees making up a mere 3.2% of total revenue.

- Miners are moving Bitcoin out of their wallets at a faster pace, suggesting possible selling.

But here's the twist: this mirrors the 7.7% hash rate drop in Dec 2022, which marked the price-bottom cycle after the FTX collapse.

Bitcoin is trading at a significant discount on Coinbase, possibly setting the stage for an uptrend. The last time Coinbase's premium was this negative, a massive rally followed.

So, is it "always darkest before the dawn"? 🌅 Let's chat in the comments! #Bitcoin #CryptoNews