For those fearing a death spiral or miner capitulation post halving, I don't think it's coming

What's my reasoning?

It's simple.

I just look at the past 2 data points as my evidence and go from there.

It didn't happen the last 2 times, sees:

(Source: https://twitter.com/100trillionUSD/status/1221061038831030272)

Why would it happen this time?

Yes price is higher, but that is about it.