Just been tracking mining metrics and it looks like we might be seeing the tail end of one of the longest capitulation cycles. The kind where miners keep getting squeezed until they finally have to throw in the towel. What's interesting is that historically, when mining capitulation stretches this long, it often marks a local bottom for price action. The sheer duration of this capitulation phase suggests most of the weak hands have already exited, which could mean we're closer to a reversal than we think. Been watching the hashrate and on-chain data pretty closely - the capitulation signals are definitely weakening. Could be worth paying attention to if you're looking at accumulation opportunities. Not saying it's guaranteed, but the pattern of extended mining capitulation followed by recovery has shown up before in cycle history.