BTC drops below 67,000 USDT

Analysis: The Bitcoin miner capitulation phase is nearing its end, which may indicate that Bitcoin's price has bottomed out.

Hash rate indicator shows that the miner capitulation phase is nearing its end. Bitcoin price has experienced volatility, dropping from $90,000 to $60,000, and now rebounding to $65,000. The indicator reversal may signal miners are resuming activity, easing market pressure. Bitcoin's current trading price is below the production cost of $66,000.

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