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The Daily Hodl 2024-06-12 14:30:48

On-Chain Analyst Willy Woo Says Bitcoin Weathering Miner Capitulation Phase Before Price Rebound

Bitcoin (BTC) is currently weathering a miner capitulation phase, according to on-chain analyst Willy Woo. Woo tells his 1.1 million followers on the social media platform X that the Bitcoin halving event in April is currently “culling weak miners” The event, which happens roughly every four years, essentially cuts the Bitcoin reward that miners receive The post On-Chain Analyst Willy Woo Says Bitcoin Weathering Miner Capitulation Phase Before Price Rebound appeared first on The Daily Hodl .

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