Miner Capitulation 💀We just saw a sharp 11% drop in Bitcoin mining difficulty, signaling that weaker and less efficient miners are capitulating as operations become unprofitable. This is a classic crisis marker for the mining industry and has historically appeared near market bottoms. Recently, major miner Marathon Digital (MARA) indicated that their current all‑in Bitcoin production cost is around 67.7k per BTC. At the same time, JPMorgan has reiterated that when BTC trades below its average production cost, it historically becomes more attractive from a risk‑reward perspective. #Bitcoin #BTC #Mining #CryptoMarket #OnchainData #BTCBottom #MarathonDigital #JPMorgan #CryptoAnalytics