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15-20% Of Bitcoin Miners Are Now Operating At A Loss.
CoinShares Reports That Mining Economics Are Getting Brutal.
Hash Price Has Dropped To Around $28 Per PH/s/day As Of February 2026.
The Post-Halving Squeeze Is Real. And It's Getting Tighter.
But Here's What Most People Don't Understand...
This Is BULLISH. Not Bearish.
When Weak Miners Get Squeezed Out... They Sell Their BTC To Stay Alive.
Once They Capitulate And Shut Down... The Selling Pressure Disappears.
And What Follows? A Supply Shock.
2016 Halving → Miners Struggled → BTC Rallied To $20K
2020 Halving → Miners Struggled → BTC Rallied To $69K
2024 Halving → Miners Struggling Now → What Comes Next?
Miner Capitulation Has Been One Of The Most Reliable Bottom Signals In Bitcoin's History.
The Weak Are Being Flushed. The Strong Will Survive. And Price Will Follow.