According to @cas_abbe, the Bitcoin Hashprice Index has dropped to $34.5, its lowest level ever, indicating a sharp deterioration in miner economics, source: @cas_abbe on X, Nov 23, 2025. As stated by @cas_abbe, as this index declines, mining profitability falls, source: @cas_abbe on X, Nov 23, 2025. @cas_abbe reports that lower profitability could lead miners to log off equipment and sell their BTC, source: @cas_abbe on X, Nov 23, 2025. Per @cas_abbe, this dynamic would cause hashrate to drop and trigger miner capitulation, a key market risk for BTC traders, source: @cas_abbe on X, Nov 23, 2025.