Bitcoin hashrate drops 15% from October high as miner capitulation drags into almost 60 days

The Bitcoin hashrate has experienced a significant decline of 15% from its peak in October, as the ongoing trend of miner capitulation continues for nearly 60 days. This persistent downturn in hashrate reflects the challenges faced by miners in the current market conditions, leading to increased selling pressure and a potential shift in the dynamics of Bitcoin mining operations. The prolonged period of miner capitulation suggests that many miners are either shutting down their operations or are unable to sustain profitability, which could have further implications for the overall health and stability of the Bitcoin network. source: https://www.coindesk.com/markets/2026/01/19/btc-hashrate-drops-15-from-october-high-as-miner-capitulation-drags-into-almost-60-days