Bitcoin Miners Nearing Capitulation, Market Reversal Imminent
According to CryptoMichNL, the Bitcoin network's true hashrate drawdown indicates that miners are approaching capitulation areas similar to those seen during the FTX collapse. The current drawdown is as severe as it was during that period, suggesting that a market reversal may be imminent.
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Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
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