VanEck Suggests Recent Bitcoin Miner Capitulation Could Indicate a Market Bottom Approaching

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

BTC+1.584%

Source: Coinmarketcap

Updated: Dec 23 2025

Bitcoin Hashrate Decline: Bitcoin's hashrate fell 4% by mid-December, which analysts from VanEck suggest could indicate a bullish trend for Bitcoin prices, as historical data shows positive returns often follow such declines.
Breakeven Prices for Miners: The breakeven electricity price for popular Bitcoin mining rigs has decreased by nearly 36%, reflecting challenging conditions for miners, exacerbated by the shutdown of significant mining capacity in China.
Support for Bitcoin Mining: Despite some countries reducing mining activities, up to 13 nations, including Russia and Japan, are actively supporting Bitcoin mining, indicating a continued interest in the industry.
Market Performance: Bitcoin is currently trading at $88,400, down nearly 30% from its all-time high in October, highlighting the volatility and challenges faced by the cryptocurrency market.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

VanEck Suggests Recent Bitcoin Miner Capitulation Could Indicate a Market Bottom Approaching

About the author

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