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Bitcoin (BTC) Price Bottom Near as Miners Give Up Near FTX Implosion Level – CryptoQuant
Two signs of the miners’ capitulation are the drop in hashrate and mining revenue per hash (hashprice), both of which have dropped significantly this month, with hashrate down 7.7% since the halving hit all-time lows. Hashrate is the mining power on the Bitcoin network, and hashprice refers to the revenue miners earn from one unit of hashrate.