I'll break it down in simple terms.

When does #Bitcoin recover? It's when weak miners die and hash rate recovers.

This one is for the record books as it's taking a lot of time for miner capitulation post-halving.

Probably can thank ordinal inscriptions boosting profits.
https://image.nostr.build/597db224475835f19453cec744e22438103e148137eef65222caa149420b5cad.jpg