It appears that bitcoin news media is trying very hard to create a storyline that there is a miner capitulation presently happening in the cryptospace.
Bitcoin news media has always been filled with a ton of garbage, now when there are thousands of them and funds are running low for advertising they are getting even more desperate with stupid titles to gain an audience.
Capitulation would mean miners would stop their machines before a complete liquidation of their business, but any moron who would find free seconds free to look at a difficulty/hashrate chart would see there is no such thing as a capitulation, no major shutdown no nothing! Actually, quite ironically, the hashrate estimation for the current period is up, it is indeed still early as only one day and a half has passed but the pace is still faster, at 101% compared to the previous. Mining profitability is still 20% up from the levels at the end of 2020 levels, there won't be any major shake-up unless we dip in the 15k range, but complete capitulation won't happen.
