Bitcoin Miners Remain Resilient: No Evidence of Capitulation

Despite Bitcoin’s recent price decline of 32% from its all-time high in 2024 and ongoing economic uncertainty, analysts at Bitfinex Alpha report that miners have not shown signs of panic selling. Their on-chain data paints a picture of optimistic outlook with miners holding their positions strongly. Key indicators like miner reserves, which remain steady despite the recent downturn, suggest conservative strategies rather than aggressive selling to finance operational costs.