Excitement and participation around Bitcoin has been building up this week with multiple noteworthy developments. The Bitcoin network hash rate soared to new highs this week and a surge in whale activity signaled potentially exciting times ahead.
The Bitcoin hash rate soared to 837.967 EH/S on 20 October, the highest level that it has ever achieved. It has historically offered insights into network activity, health to some extent, and the level of optimism.
Bitcoin hash rate | Source: Coinwarz.com
The surge to new highs was consistent with the recent bullish BTC price action. However, the price has had previous bullish phases where hash rate did not necessarily rally in tandem. The difference this time could be the timing.
Bitcoin Whale Activity Balloons to Historical Levels
Recent data shows that whale and institutional activity has been on the rise, suggesting that they have been accumulating this month. An unsurprising outcome since more whale activity was expected fol
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