bitvestor on Nostr: Thoughts on #bitcoin price dump from $106k to $97k the last week: The hash rate went ...
Thoughts on #bitcoin price dump from $106k to $97k the last week:
The hash rate went from 750 EH/s on Jan 1, 2025 to an all time high of 950 EH/s today.
My best guess is miners holding #btc are dumping for profits in preparation of the increased competition and potential lower rewards in the near term.
The hash rate went from 750 EH/s on Jan 1, 2025 to an all time high of 950 EH/s today.
My best guess is miners holding #btc are dumping for profits in preparation of the increased competition and potential lower rewards in the near term.