🔎 The Network True Hashrate Drawdown indicator, signaling the capitulation of miners, has dropped to the December 2022 level, noted Julio Moreno from CryptoQuant. That month marked the bottom of the market cycle after the collapse of FTX, the expert noted.
His opinion was supported by the founder of MN Capital, Michael van de Poppe.
“It’s just a matter of time before the current market starts to turn around.”
