Just noticed we're approaching the end of one of the longest mining capitulation cycles. Been watching the on-chain data and honestly, this phase might finally be wrapping up. When miners get squeezed and start dumping, it usually signals capitulation is near its peak.

The interesting part? Historical patterns suggest this kind of extended capitulation often coincides with market bottoms. We've seen BTC holding around 71.8K lately, and if the capitulation phase is really ending, that could mean we're closer to a local bottom than some people think. Not financial advice, just what the data seems to be showing.

If this capitulation cycle does close out soon, it might actually be worth paying attention to. These extended miner sell-offs tend to clear out weak hands, which can set up for the next move. Keeping an eye on this one.