Bitcoin miners are grappling with increasingly dire profitability conditions, prompting concerns of potential capitulation within the mining sector. As Bitcoin’s price tumbles and profit margins shrink, industry experts and analysts are closely monitoring key metrics that could signal a critical juncture for miner sustainability and market stability.
Understanding Bitcoin Miner Capitulation
Bitcoin miner capitulation refers to the phenomenon where miners, facing unprofitable operating conditions, reduce their mining activities or liquidate portions of their Bitcoin reserves to mitigate financial losses.·
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