CryptoQuant reports that Bitcoin miners are showing signs of capitulation as miners' daily revenue has fallen from $79 million on March 6 to $29 million today, with current capitulation levels comparable to the market bottom after the FTX crash in 2022. Since the halving, computing power has fallen by 7.7%, with miners shutting down equipment, causing the hash rate to approach an all-time low. CryptoQuant expects that as selling pressure eases, Bitcoin may rebound again from the current $60,300 support level and move back towards the $70,000 level. (CoinDesk)