COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
-
Bitcoin miners are currently facing significant challenges as the market shifts, putting many at risk of capitulation amid declining profitability.
-
The recent drop in Bitcoin’s price has compounded existing profitability issues, potentially leading to market instability.
-
As noted by analyst Frost from CryptoQuant, “Miners are extremely underpaid right now, risking miners’ capitulation.”
This article explores the current challenges faced by Bitcoin miners due to declining prices, signaling an impending capitulation risk.
The Plight of Bitcoin Miners Amid Falling Prices
Bitcoin miners are facing a critical situation characterized by drastically reduced margins due to a recent downturn in Bitcoin’s price. Following Bitcoin’s all-time high (ATH) of $109,000, a drop of approximately 11.28% has left many miners grappling with unsustainable operational costs. This sharp decline has triggered fears of capitulation as miners’ profit-loss sustainability enters what analysts describe as the extremely underpaid zone.

Source: CryptoQuant
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Since the recent ATH, Bitcoin miners have experienced increasing difficulty and operational costs, exacerbated by higher mining difficulty rates instituted during the April 2024 halving. Despite a growing hash rate, indicative of escalating competition, the profitability trajectory remains bleak.

COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
Source: CryptoQuant
This scenario is symptomatic of broader market turbulence; historical patterns indicate that when the profit/loss ratios for miners turn negative, it often precedes a bullish rebound in BTC prices. However, this rebound may necessitate substantial selling pressure from miners aiming to cover their costs.
COINOTAG recommends • Traders club |
⚡ Futures with discipline |
Defined R:R, pre‑set invalidation, execution checklists. |
👉 Join the club → |
COINOTAG recommends • Traders club |
🎯 Spot strategies that compound |
Momentum & accumulation frameworks managed with clear risk. |
👉 Get access → |
COINOTAG recommends • Traders club |
🏛️ APEX tier for serious traders |
Deep dives, analyst Q&A, and accountability sprints. |
👉 Explore APEX → |
COINOTAG recommends • Traders club |
📈 Real‑time market structure |
Key levels, liquidity zones, and actionable context. |
👉 Join now → |
COINOTAG recommends • Traders club |
🔔 Smart alerts, not noise |
Context‑rich notifications tied to plans and risk—never hype. |
👉 Get access → |
COINOTAG recommends • Traders club |
🤝 Peer review & coaching |
Hands‑on feedback that sharpens execution and risk control. |
👉 Join the club → |

Source: CryptoQuant
The situation has resulted in record highs for miner-to-exchange transfers, indicating a trend where miners are diverting their assets to exchanges at an increased rate. Recently, the total net flow for miners turned positive, suggesting higher rates of BTC sales as miners attempt to manage their cash flow.

COINOTAG recommends • Exchange signup |
📈 Clear control for futures |
Sizing, stops, and scenario planning tools. |
👉 Open futures account → |
COINOTAG recommends • Exchange signup |
🧩 Structure your futures trades |
Define entries & exits with advanced orders. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🛡️ Control volatility |
Automate alerts and manage positions with discipline. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
⚙️ Execution you can rely on |
Fast routing and meaningful depth insights. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📒 Plan. Execute. Review. |
Frameworks for consistent decision‑making. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
🧩 Choose clarity over complexity |
Actionable, pro‑grade tools—no fluff. |
👉 Open account → |
Source: CryptoQuant
The operational strain on miners could lead to temporary capitulation, as has been observed in previous market cycles. This could pave the way for potential accumulation opportunities for buyers who are poised to capitalize on the market conditions.
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |
Are We Approaching Miner Capitulation?
Determining whether miners are on the brink of capitulation requires analyzing key indicators, including the Puell multiple. Presently, this metric has remained above 1 since mid-January, signaling that miners’ revenue levels are still generally considered robust, albeit with fluctuations.

COINOTAG recommends • Exchange signup |
🎯 Focus on process over noise |
Plan trades, size positions, execute consistently. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🛠️ Simplify execution |
Keep decisions clear with practical controls. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Make data your edge |
Use depth and alerts to avoid guesswork. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 Be prepared, not reactive |
Turn setups into rules before you trade. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
✍️ Plan first, then act |
Entries, exits, and reviews that fit your routine. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
🧩 Consistency beats intensity |
Small, repeatable steps win the long run. |
👉 Sign up → |
Source: CryptoQuant
As long as the Puell multiple remains above 1, the likelihood of miner capitulation decreases significantly. While market corrections are expected, they may indicate a temporary re-alignment rather than systemic weakness, fostering potential accumulation among resilient miners and investors.
COINOTAG recommends • Premium trading community |
🏛️ WAGMI CAPITAL — Premium Trading Community |
Strategic insights, exclusive opportunities, professional support. |
👉 Join WAGMI CAPITAL → |
COINOTAG recommends • Premium trading community |
💬 Inner Circle access |
See members share real‑time PnL and execution notes in chat. |
👉 Apply for Inner Circle → |
COINOTAG recommends • Premium trading community |
🧩 Turn theses into trades |
Reusable templates for entries, risk, and review—end to end. |
👉 Join the club → |
COINOTAG recommends • Premium trading community |
💡 Long‑term mindset |
Patience and discipline over noise; a process that compounds. |
👉 Get started → |
COINOTAG recommends • Premium trading community |
📚 Education + execution |
Courses, playbooks, and live market walkthroughs—learn by doing. |
👉 Get access → |
COINOTAG recommends • Premium trading community |
🔒 Members‑only research drops |
Curated analyses and private briefings—quality over quantity. |
👉 Join WAGMI CAPITAL → |
Future Outlook for Bitcoin Miners
According to our analysis, recovery of BTC’s price is paramount for miners to regain profitability. If downward trends persist, the risk of miner capitulation escalates, with the critical price point being $100,000. Holding above this threshold is essential for sustaining miner operations in the current economic landscape.
In summary, Bitcoin miners are navigating a challenging environment influenced by market fluctuations, operational costs, and potential price recovery. Addressing these hurdles will require strategic moves to maintain viability in the long term.
COINOTAG recommends • Exchange signup |
🧱 Execute with discipline |
Watchlists, alerts, and flexible order control. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🧩 Keep your strategy simple |
Clear rules and repeatable steps. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧠 Stay objective |
Let data—not emotion—drive actions. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
⏱️ Trade when it makes sense |
Your plan sets the timing—not the feed. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
🌿 A calm plan for busy markets |
Set size and stops first, then execute. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
🧱 Your framework. Your rules. |
Design entries/exits that fit your routine. |
👉 Sign up → |
Conclusion
In light of the current market trends, Bitcoin miners face a pivotal moment that could define the next phase of their operations. The necessity for price recovery to avoid capitulation is clear. Monitoring key metrics and market behaviors will be essential for both miners and investors as they navigate these turbulent waters.
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |