According to Bitcoin News, the comprehensive miner cycle stress indicator has dropped to a new low in 2026 and entered the "undervalued" zone. This indicator combines the Puell Multiple and the inverse miner surrender index to measure the income and cost dynamics of different miners; when both indicators decline simultaneously, it historically reflects the extreme positions of the Bitcoin cycle better than a single indicator. Similar simultaneous crashes previously occurred near major Bitcoin bottoms in 2015, 2018, 2020, 2022, and 2024. The only previous time this comprehensive indicator reached 0.00 was during the miner capitulation in 2015, when Bitcoin fell from around $300 to $160 in less than a week; the indicator has now shown a similar performance again in 2026, marking miner stress at historically rare levels.

BTC0.81%
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