Miner Capitulation Gets Ugly

<p>A few widow-makers hanging over Bitcoin this week, and the post-halving miner capitulation has begun. What we're starting to see, and why, when we look back, this will be remembered as a wild week. </p> <p><strong>Affiliate LINKS:</strong></p> <ul> <li>🇺🇸 <a href="https://partner.river.com/jupiter">Buy Sats on River</a> - The best way to stack in the US</li> <li>🇨🇦 <a href="https://www.bitcoinwell.com/jupiter">The Bitcoin Well</a> - An amazing automatic self-custody Bitcoin platform</li> <li>⚡ <a href="https://app.thebitcoincompany.com/signup?ref=JUPITER">The Bitcoin Company</a> - Spending your Bitcoin Via Lightning</li> <li>🏦 <a href="https://use.foldapp.com/r/XNHPXTFC">Fold Card</a> - Pay bills Stack Sats</li> <li>💵 <a href="https://borrower.saltlending.com/register?referralCode=GkPQdbqWG">SALT Lending</a> - Get access to your BTC Value w/out Selling</li> </ul> <p><strong>LINKS:</strong> </p> <ul> <li><a href="https://x.com/Travis_Kling/status/1806016594264686780">Travis Kling on X: "All at the same time</a></li> <li><a href="https://x.com/IIICapital/status/1806016922548376027?t=9IrJTBkweGljTvO8QvMlMg&s=09">Hashrate continues to fall.</a></li> <li><a href="https://x.com/boomer_btc/status/1805233763888120103">When Bitcoin drops to $62K it means miners enter limbo and the first circle of Dante’s Hell.</a></li> <li><a href="https://www.youtube.com/watch?v=pAW9QOjVV58">The miner capitulation is over—bitcoin’s next bull run begins. - YouTube</a></li> <li><a href="https://www.coindesk.com/business/2024/06/27/bitcoin-miner-cleanspark-to-buy-peer-griid-in-155m-deal/">Bitcoin (BTC) Miner CleanSpark (CLSK) to Buy Peer Griid (GRDI) for $155M Enterprise Value</a></li> <li><a href="https://www.marketwatch.com/story/first-quarter-gdp-grew-a-soft-1-4-but-the-economy-might-have-more-spring-in-its-step-8d5548f9">First-quarter GDP grew a soft 1.4%, but the U.S. economy might have more ‘spring’ in its step - MarketWatch</a></li> <li><a href="https://www.bloomberg.com/news/articles/2024-05-25/fed-rate-cuts-latest-favorite-underlying-inflation-gauge-is-seen-cooling?embedded-checkout=true">Fed Rate Cuts Latest: Favorite Underlying Inflation Gauge Is Seen Cooling - Bloomberg</a></li> <li><a href="https://truflation.com/dashboard">Dashboard | Truflation</a></li> <li><a href="https://www.zerohedge.com/economics/california-reveals-all-job-gains-2023-were-fake">California Reveals All Job Gains In 2023 Were Fake</a> </li> <li><a href="https://x.com/leaning4ward/status/1804525730422043005">Yahoo News clip</a></li> <li><a href="https://x.com/DataDiety/status/1799173338348114033">Carl Louis on X FDIC Thread</a></li> <li><a href="https://stacker.news/items/586165">Muntiny Wallet: Updates after DNS issues</a> </li> <li><a href="https://www.theblock.co/post/301734/bitcoin-payments-app-strike-uk-launch">Strike launches in the UK following European rollout</a> </li> <li><a href="https://www.youtube.com/watch?v=MaZyXEU5XAg">Jack Dorsey & Lyn Alden | The Power of Open Source - YouTube</a></li> <li><a href="https://twitter.com/gladstein/status/1803507915556606200">BBC coverage of Bitcoin since 2013</a></li> </ul> <p><strong>Nostr:</strong> </p> <ul> <li>Find my Nostr Public Key at <a href="http://ChrisLAS.com">ChrisLAS.com</a></li> </ul> <p><strong>MUSIC:</strong> </p> <ul> <li><a href="https://podcastindex.org/podcast/6941864?episode=24028325476">Live While I’m Alive by Abel James</a></li> </ul>