Bitcoin Magazine
Bitcoin Miners Are Doubling Down
With all the current bearish sentiment and macroeconomic uncertainty swirling around both Bitcoin and the broader global economy, it might come as a surprise to see miners as bullish as ever. In this article, we’ll unpack the data that suggests Bitcoin miners are not just staying the course, they’re accelerating, doubling down at a time when many are pulling back. What exactly do they know that the broader market might be missing?
For a more in-depth look into this topic, check out a recent YouTube video here:Why Bitcoin Miners Are Doubling Down Right Now
Bitcoin Hash Rate Going Parabolic
Despite Bitcoin’s recent price underperformance, the Bitcoin Hashrate has been going absolutely vertical, breaking all-time highs with seemingly no regard for macro headwinds or sluggish price action. Typically, hash rate is tightly correlated with BTC price; when price drops sharply or remains stagnant, hash rate tends to pl
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