Bitcoin miner ‘capitulation event’ may have already happened — Research - BitcoinEthereumNews.com
Bitcoinबिटकॉइन माइनर कैपिट्यूलेशन इवेंट पहले ही हो चुका है - रिसर्च06 / 24 / 2022बिटकॉइन एथेरियम समाचार बिटकॉइन (बीटीसी) miners may have already sparked a “capitulation event,” fresh analysis has concluded. In an update on June 24, Julio Moreno, senior analyst at on-chain data firm CryptoQuant, संकेत दिया that the BTC price bottom could now be due. BTC price bottom “typically” follows miner capitulation Miners have seen a dramatic change in circumstances since March 2020, going from unprecedented profitability to seeing their margins squeezed. RSI $ 17,600 तक डुबकी — 70% below Novembers all-time highs for BTC/USD — has hit some players hard, data now shows, with miner wallets sending large amounts of coins विनिमय करने के लिए। This, CryptoQuant suggests, precedes the final stages of the Bitcoin sell-off more broadly in line with historical precedent. “Our data demonstrate a miner capitulation event that has occurred, which has typically preceded market bottoms in previous cycles,” Moreno summarized. Miner sales have been keenly tracked this month, with the Bitcoin Twitter account even describing the situation as miners “being drained of their coins.” RSI #Bitcoin miners are being drained of their coins. pic.twitter.com/O0i9Lx0wQF - बिटकॉइन (@ बिटकॉइन) जून 18 “For miners, its time to decide to stay or leave,” CryptoQuant CEO, Ki Young