Bitcoin miners are capitulating, mirroring the market bottom after the FTX crash! 📉 Daily revenue has plummeted to $29M from $79M, driven by the halving & falling fees. Hashrate is also down 7.7%. Is a market bottom near? #Bitcoin #BTC #Mining #CryptoMarket #FTX

Liquidity stress is rising in the US banking system, as the SOFR hits a 6-year high. This could impact risky assets like #Bitcoin, potentially weighing on its price in the short term. Experts suggest the Fed might need to intervene with liquidity injections, which could benefit BTC, similar to its role during the 2020 crash. However, Bitcoin's recent decline suggests tough times ahead for stocks and potentially for #BTC. Read more: [Link to Article]