Miner capitulation risk still not elevated despite Bitcoin’s price drop

By CryptoSlate September 07, 2023 In Cryptocurrencies, Mining

Quick Take Miner capitulation risk represents the potential for miners to cease operations due to unprofitability, leading to a significant reduction in hash rate. A drop in hash rate can further exacerbate selling pressure as miners liquidate their holdings to cover operational costs. This risk is assessed through two metrics — the Puell Multiple and […]

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