This will be the most brutal Bitcoin Halving in history.

Production cost is about to double to $14,000.
70% above the current price.

Last halving, price was just 10% below Production cost, and Price & HR collapsed -20%.

Without FOMO now, expect a big miner capitulation. 30%+

Of all the comments, this is perhaps the best cause for positivism.

Oil prices are down ~50% yoy. Unsure how much of that benefit has rolled into global ave. electrical costs yet.

Look forward to the next @CoinSharesCo report mid-year for some insight. https://twitter.com/Cryptotechgr/status/1259816949950881792

Today marks the 2nd miner capitulation of 2020, and 3rd in the last 9 months.

As tweeted, 2020 was expected to be a brutal halving.

Since the halving just 13 days ago, weekly Hash Rate is already down -26%.

This capitulation is almost identical to the 2012 and 2016 halving capitulations (all within 21 days of the halving).

This is a massive bull flag.

The biggest drop ever since these occurrences:
-2012: 1.8%
-2016: 13.8%

The rallies from the Hash Ribbon Buy were almost vertical.