The inflection point in every bitcoin bear market is capitulation, and the mining sector may have just reached its own trough of bearishness.
This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher.
Bitcoin miners often suffer the brunt of bear market woes thanks to some of the industry’s highest capital expenditures, smallest margins and most unreliable infrastructure. Although the current bearish phase has been one of Bitcoin’s shallowest drawdowns, miners have suffered more than ever.
Layoffs, bankruptcies, lawsuits and other negative press have battered one of Bitcoin’s most prominent sectors. But every bear market eventually finds a bottom — the pain climaxes and things slowly begin to recover. A variety of data suggest mining has reached this point of its market cycle, which could offer a bit of optimism going into the new year.
This article is not intended to offer financial or investment advice of any kind. On the contrary, its intended purp
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