Crypto Fundamentals Series - Miner Revenue & Miner Capitulation.

Описание: Miner Revenue & Miner Capitulation.

When miners can't cover electricity bills, they sell BTC — and when enough miners capitulate simultaneously, it historically marks the final bottom of every Bitcoin bear market. The evidence: Nov–Dec 2018 (miners capitulated at $3,200 — the absolute low), March 2020 COVID crash ($3,800 bottom — 3-week capitulation then 18-month bull), Nov–Dec 2022 post-FTX collapse ($15,500 bottom). Puell Multiple below 0.5 = miners in extreme distress = historically excellent buying zone.

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