Bitcoin miners' income has plummeted to a yearly low, raising questions about whether this signals a price bottom. The recent halving slashed block rewards, while a stagnant BTC price and rising mining difficulty have squeezed profitability. Hashprice, a key metric of miners’ earnings per unit of computing power, has hit historic lows, forcing some to sell reserves or shut down. Historically, such "miner capitulation" has coincided with market bottoms, as seen after the 2022 FTX collapse. Analysts note that reduced hash rates and difficulty adjustments often precede recoveries, suggesting a potential buying opportunity. However, with geopolitical tensions and economic uncertainty lingering, the rebound isn’t guaranteed. Miners’ struggles may hint at a bottom, but strategic patience is key in this volatile market.