Miners are going to capitulate again?

Miners-are-going-to-capitulate-again

I posted my last  possible miner capitulation analyses on 6th June 2022 when the price was $31.500 and within 1 to 2 weeks price became $18.000. Same setup according to the hash ribbon metric.
	
6th June analysis for details: https://cryptoquant.com/quicktake/629de900705ca041ca2fe857-Hash-Ribbon-shows-us-that-we-are-in-critical-zones-for-miner-capitulation
	
So right now bitcoin difficulty is really high for miners so that means; costs are getting higher and doing business in this kind of environment is getting harder. That's why miners do not work in full force. If they have efficient- new generation mining machines, they put them into work but that's all.
	
Inflation is high and people feels effect of living costs, bitcoin price is declining, mining cost and difficulty is getting higher. Tough environment for miners.

Not saying the result will be the same. Maybe positive mining difficulty adjustment can help their pain in the next adjustment which will be held around 6th Dec.