Good news for crypto investors 👏 The BTC hashrate is one of the BTC on-chain data. But, it doesn't immediately reflect direction of short-term BTC price. Only for direction of long-term BTC price.
Anyways, it seems that the competition for mining BTC is getting higher. That means small business BTC miners would exit due to low mining efficiency.
4 months later, the mining efficiency will decrease due to the next BTC 4th halving. Ironically, they're trying to batch new advanced miners for increasing computing power. It looks like they're betting a long position.
Making decisions of spot BTC ETF applications are less than 3 weeks left. I'm looking forward to approving them!
This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab
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算力的增高意味着什么
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This is great information
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very good
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通过您的帖子又学习了！
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很好，买eth/btc
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