Another occurrence of miner capitulation might be brought about by increasing hashrate and mining difficulty.

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The headline CPI decreased from 8.3% to 8.2% throughout the course of the year, but the Core CPI rose from 6.3% to 6.6%, above expectations (6.5%). Market volatility and bitcoin inflow to exchanges surged throughout the announcement. However, compared to other CPI/Fed days, the amount of inflows has been muted.

The rise in mining difficulty and hashrate might result in another instance of miner capitulation. Despite falling bitcoin prices, the hashrate of bitcoin mining has reached its highest level ever.
The rise in hashrate has caused the mining difficulty to reach unprecedented heights, which causes lower profitability.

In this situation, the amount that miners made from each hash plummeted to its lowest level ever, dropping by more than 80% over the previous year. In the current market environment, miners are paid quite low, which might lead to another miner-related capitulation.