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Is Bitcoin Miner Revenue Ready for Major Upswing?

The article discusses the four stages of Bitcoin miner revenue cycle - euphoria, capitulation, relief, and bearish capitulation. It explains how the decline in miner revenue during bear capitulation leads to weaker miners leaving the market, stabilizing the market and preparing for a recovery. As the price of Bitcoin starts to rise, miner profits also increase, marking a shift from bear to bull market conditions. The article also mentions a brief retreat in price and miner revenue before a subsequent significant stage, often signaling profit-taking and market recalibration. The last stage is bull euphoria, where retail and institutional interest in Bitcoin peaks, frequently marking the end of the bull market. The article suggests that the current increase in miner revenue may predict another Bitcoin rally and position the market for a robust bullish phase.

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