Record-breaking! Six major mining companies dumped 32,000 BTC in Q1, surpassing the total sales for all of 2025! The current hashprice ($33/PH/s) has dropped below the breakeven point for most miners, with reserves shrinking by 60,000 BTC. What’s crazy is: despite such heavy selling pressure, BTC managed to hold strong and bounce back to $74k-$75k! In reality, this kind of 'miner capitulation' is essentially accelerating the cleanup process—old mining rigs are exiting the stage, and top players are pivoting to AI. This actually signals the healthiest bottoming process on the supply side. What do you guys think—is this capitulation marking the bottom, or just the start of another round of volatility?