To be fair, for now, the miner capitulation appears to of been averted, instead it seems there was only minor capitulation 
What the hell is a "minor" capitulation?
You were saying capitulation we have 6 exahash in hash rate growth.
Even if we assume the best gear in efficiency that's 100k s17+ worth 170 mllion$ or 80 million if we go with cheap TH but power-hungry options.
You're arguing about miners capitulation with this amount of hashrate being added?
Seriously why do you try to see things and trends and relations when there this one?
Hash Ribbons confirmed it's 10th buy signal in 9 years yesterday on the Daily chart,
Yup, you nailed it again..../s