Bitcoin Miners Near Capitulation Levels Similar to FTX Collapse

According to @CryptoMichNL, the Bitcoin network's true hashrate drawdown is indicating that miners are nearing capitulation levels comparable to those seen during the FTX collapse. This heavy drawdown suggests that it may only be a matter of time before the market begins to reverse.

Source

Analysis

Bitcoin FTX hashrate Capitulation

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast

Bitcoin Miners Near Capitulation Levels Similar to FTX Collapse

Analysis

Michaël van de Poppe

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