"Miner capitulation" is often said in the circle. It means that when the price of the currency falls below the shutdown price, some miners with less risk resistance will choose to withdraw and sell Bitcoin for cash. This phenomenon often leads to a further drop in the price of Bitcoin, which is called "miner capitulation". As the Bitcoin market drops, Bitcoin miners have been struggling. Although past data shows that this may be a bullish signal for Bitcoin. According to the on-chain hash index, since its peak in late April 2024, Bitcoin's hash rate has dropped from the original 658 EH/s to 556 EH/s at the end of June. The Bitcoin network hash rate is an estimate of how much computing power (and miners) are competing for Bitcoin blocks.