Despite rising operational costs and lower rewards, they're not at "full-scale bear market level capitulating," according to analyst. cointelegraph.com/news/bitcoin-miners-hash-rate-ribbon-indicators-james-check-crypto-analyst

Bitcoin recently dropped below $64,000, breaking its short-term holder realized price. This signals a potential further decline to levels not seen in 49 days, according to cryptocurrency analysis firm @cryptoquant_com. cointelegraph.com/news/bitcoin-price-short-term-holder-crypto-quant-analysts

🚨 Bitcoin miners have sold over 30k BTC (~$2B) since June, the fastest pace in over a year. The recent halving has tightened margins, prompting this sell-off. pic.twitter.com/dy289bu7p4

In this week's newsletter, we explore crypto's underperformance compared to stocks. We provide an in-depth analysis of the current market trends and identify potential catalysts that could drive a market resurgence in the near future. medium.com/intotheblock/crypto-underperforms-as-miners-german-government-sell-255b43cced0b