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Bitcoin miner stress rises as hashrate drops and revenues fall, signaling growing pressure but no mass capitulation yet.

Market News
12 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Bitcoin miners are facing increasing financial pressure as the network's hashrate has dropped over 25% since October 2025, indicating many miners have exited due to worsening economic conditions. Miner profitability is also shrinking, with revenues down 11% in the last 10 days and the Puell Multiple falling to 0.74, reflecting tighter margins amid a nearly 20% price correction from Bitcoin's $75,000 peak. The Miner Capitulation Index has risen above 65, signaling growing miner stress similar to patterns seen before past bear markets, though current stress levels remain below the 2022 peak. This suggests the market is still navigating miner strain, making it difficult to confirm a definitive bottom for Bitcoin at this stage.

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