I just read that we might be approaching the end of one of the longest mining capitulation phases. This is actually interesting because such phases have historically often correlated with price bottoms. When miners give up and liquidate their positions, it could mean that we are nearing the bottom.

This applies not only to BTC but also to ETH mining and other proof-of-work coins. If even professional miners start to capitulate, it’s often a sign that the worst times are over. Major players in the sector are watching these metrics very closely.

It’s possible that we will see a trend reversal soon. Such capitulation phases don’t last forever, and when they end, a recovery phase usually follows. It’s interesting to watch whether this thesis is confirmed in the coming weeks.