Ever since the Bitcoin halving on May 11th, investors have been fearing a widespread “miner capitulation.” A miner capitulation is an event in the cryptocurrency market when many miners of BTC become unprofitable. This often happens due to one of three things: 1) price correction, 2) a network difficulty adjustment or 3) a block reward halving. In becoming unprofitable, miners are forced to liquidate the Bitcoin they mined en-masse to keep their lights on. This […]
