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Bitcoin Miners are Giving up and that’s Usually Bullish
VanEck says $BTC hashrate just dropped 4% (biggest fall since April).
Historically, when this happens, Bitcoin goes up 77% of the time over the next 6 months.
At the Same Time:
▪️ Miners are under pressure
▪️ Big treasuries bought 42,000 BTC in one month
Contrarian Rule: When Miners Capitulate, Smart Money Accumulates.