Bitcoin miners are experiencing heightened economic pressure as three critical indicators show declining trends, according to CryptoQuant analyst Axel Adler Jr. The 30-day Puell multiple has decreased to 0.74, with miners' daily revenue falling 11% over ten days, now below the annual average. This level is reminiscent of Bitcoin's price range during the July-August 2024 halving but remains above the 2022 low of 0.45. If the decline persists, the multiple could hit the critical 0.50 threshold by the end of June, a level associated with large-scale mining shutdowns in 2022. Additionally, the price-to-miner revenue multiple has dropped from 160 to 80, indicating a reduction in Bitcoin's valuation premium relative to miners' annual revenue. Despite this, it remains above the undervaluation levels seen in previous cycles. The miner capitulation indicator reveals that the current price is 21% lower than the previous difficulty bottom, entering a pressure zone but still far from the extreme -39% drop of 2022. While these indicators suggest increasing pressure, they have not yet reached the capitulation levels of past cycles.