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✴️ VanEck, in its latest report, highlights the sharpest monthly drop in Bitcoin’s hashrate since April 2024, which may indicate miner capitulation
Addition: Historically, after such significant declines in hashrate, BTC has rebounded within the following 90 days in 65% of cases. Miner capitulation has often marked local bottoms, as weaker operators exit and selling pressure gradually fades, potentially setting the stage for a recovery.
#BTC #crypto #observation
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