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Crypto calculator- 1 BTC to USD$0
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See moreCryptoQuant says 'extremely underpaid' bitcoin miners' capitulation is a possible bottom signal
Quick Take Bitcoin miners are showing signs of capitulation, likely turning off underperforming hardware and selling coins following April’s halving event, according to CryptoQuant data. Daily miner outflows have spiked while the network’s hashrate continues to decline and average revenue by hash hovers around its all-time low level. The supply of bitcoin active in the past 90 days has been steadily decreasing as the three-month anniversary of the halving approaches, according to The Block’s data.
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