Citing BlockBeats, VanEck analysts noted that Bitcoin's network hash rate dropped by 4% in the month ending December 15, 2025. The firm suggests miner capitulation historically acts as a bullish contrarian indicator, with higher probabilities of positive returns following prolonged hash rate declines. According to Matt Sigel and Patrick Bush, when the 30-day hash rate fell, Bitcoin's 90-day positive return probability reached 65%, compared to 54% when hash rate rose. Over a longer 180-day period, Bitcoin saw a 77% positive return probability when the 90-day hash rate declined, with an average gain of 72%.
VanEck: Bitcoin Miner Capitulation May Signal Market Bottom
KuCoinFlashShare
Summary
Bitcoin analysis from VanEck highlights a potential market bottom as Bitcoin miners show signs of capitulation. The firm noted a 4% drop in the network hash rate for the month ending December 15, 2025. Historically, such declines have preceded positive returns. VanEck analysts found a 65% chance of 90-day gains when hash rates fell, rising to 77% over 180 days with an average return of 72%. Bitcoin news suggests miners’ struggles could signal a buying opportunity for traders.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.