Been watching the mining hash metrics pretty closely lately and it looks like we might finally be nearing the end of one of the longest mining capitulation cycles we've seen. The last time this happened, it actually marked some pretty solid price bottoms for BTC. So if the pattern holds, we could be getting close to something interesting on the chart. Mining capitulation basically means miners are throwing in the towel when profitability gets too tight, which usually happens after big drawdowns. When the hash rate finally stabilizes and recovers, it's historically been a decent signal that the worst is priced in. Not saying it's a guaranteed bottom, but the timing and the way the metrics are looking right now has me paying attention. Worth keeping an eye on the next few weeks if you're trying to spot potential entry points.