📉 Bitcoin (BTC) is playing hard to get, trading 13.8% below its all-time high, and it's all about the hashrate, baby! Analyst Willy Woo says BTC's price will only recover when "weak miners die" and the hashrate bounces back. Miner capitulation, or when miners turn off their hardware and sell their coins because mining becomes unprofitable, is taking longer this cycle. Woo says we're still waiting for the miners to "properly die." Ouch! Meanwhile, analyst Ali Martinez says Bitcoin's average mining cost is $86,668 and historically, BTC always surges above its average mining cost. So, keep calm and HODL on!