Bitcoin Sees Largest Miner Capitulation Since 2021
- —Network hashrate fell from a peak of about 1.3 billion units in late 2025 to roughly 1.09 billion
- —The 60-day average hashrate is about 943 million, with the current reading above it
- —The last comparable capitulation was in 2021 after China banned mining
- —Bitcoin trades near $84,000, down from a peak above $120,000 in 2025
Why it matters: Hashrate recovery after miner capitulation has historically coincided with bitcoin trend reversals, making it key for cycle positioning.
Source: BeInCrypto RU