Analysis: The price of Bitcoin is expected to rebound after miners capitulate and computing power recovers

Analysts point out that a rebound in Bitcoin prices is only expected after miners capitulate and network computing power recovers. Independent analyst Willy Woo suggests that the key to the current decline in Bitcoin prices lies in the exit of "weak holders", including those operating outdated hardware and high-cost, inefficient miners. Woo believes that with the restructuring of the mining industry and hardware upgrades, prices may stabilize and are expected to rise.

However, the current surrender process is longer than previous cycles, perhaps due to profit increases. In addition, analysts note that Bitcoin's recovery speed of computing power is far lower than historical periods, indicating challenges and opportunities in the market.