#blockchainnews# The CryptoQuant report pointed out that the BTC miner surrender indicator is close to the market bottom level after the FTX crash in 2022, which may indicate the bottom of the BTC market. Miner capitulation refers to some miners reducing operations or selling mined BTC to survive or hedge risks. Recently, BTC hashrate has dropped significantly, falling 7.7% to a four-month low of 576 EH/s. In addition, the income of miners has dropped significantly, with daily income reduced by 63%, and the proportion of transaction fee income dropped to 3.2%, the lowest since April 8. A combination of selling by miners, whales, and multiple governments caused BTC prices to retreat, falling to a four-month low of $53,499 on July 5. What do you think about this situation? Welcome to leave a message and discuss in the comment area! (Source: Cointelegraph)