VanEck: Miner Capitulation As A Contrarian Signal Pointing To Renewed Bitcoin Momentum
VanEck argues that miner capitulation—signaled by a 4% decline in Bitcoin’s hashrate by December 15, 2025—can function as a contrarian indicator that often appears near market resets. The firm’s Mid-December 2025 Bitcoin ChainCheck ties the hashrate contraction to miner stress while emphasizing that institutional accumulation may cushion downside pressure.