Source: Coindesk.com
Miners are increasing their network hashrate despite a recent drop in bitcoin prices, signaling a positive sentiment after a capitulation event that has typically marked price bottoms. A significant miner capitulation was observed with a spike in Bitcoin outflows to 19,000 BTC on August 5, the highest since March 18. This came as bitcoin's price touched $49,000,
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Source: Coindesk.com