Just noticed something interesting in the mining data. We're seeing what looks like one of the longest mining capitulation cycles starting to wrap up, and historically that's been a pretty solid signal that BTC price bottoms might be near. The hash rate has been under pressure for a while now, which usually means smaller miners are getting squeezed out. When you see that kind of sustained pressure on mining operations, it often marks a turning point in the market. Worth keeping an eye on how the next few weeks play out with both mining difficulty and price action. This kind of capitulation cycle doesn't happen super often, so the fact that we're potentially seeing it end could be meaningful for positioning.

BTC-1.7%
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