Miner capitulation is a contrarian signal, indicates renewed BTC price momentum, VanEck says
Declining bitcoin BTC$87,497.82 mining activity is often interpreted as a sign of network stress, reflecting weaker miner profitability, declining hashrate and concerns over the economic sustainability of mining operations. It is commonly assumed to be bad for the bitcoin price. Digital assets investment firm VanEck, however, argues that periods of falling hashrate — the total...
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