Bitcoin miners are experiencing a capitulation situation approaching the market bottom following the FTX crash. Daily miner revenue dropped from $79 million to $29 million following the Bitcoin halving earlier this year. Hashrate has fallen 7.7% since the halving as a result of inefficient miners shutting down their equipment. Bitcoin is trading at $60,300, down 3% on Wednesday. This level has served as a critical support since April, with Bitcoin bouncing from this zone three times and heading towards the $70,000 mark again. CryptoQuant thinks there are signs of capitulating after intense selling pressure. There has been a 63% drop in daily revenue for miners, and miners are shutting down their equipment due to the collapse of transaction fees, which have fallen to 3.2% of total revenue. Miner capitulation levels are now similar to the December 2022 market bottom following the FTX crash. What do you think about how miners will overcome this situation? We are waiting your comments! 😊👇