Wu Blockchain (@WuBlockchain): VanEck said in a latest report that Bitcoin miner “capitulation” could signal a potential near-term price bottom. Data shows Bitcoin hashrate fell 4%…
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VanEck said in a latest report that Bitcoin miner “capitulation” could signal a potential near-term price bottom. Data shows Bitcoin hashrate fell 4% over the past month as of Dec. 15, marking the largest one-month decline since April 2024. VanEck noted that since 2014, when hashrate declines over a 30-day window, Bitcoin has risen over the subsequent 90 days 65% of the time, framing it as a historically bullish contrarian signal. https://twitter.com/i/web/status/2003283058741608941