Miners getting smoked
This was always going to happen
The last time we saw this much of a drop in hashrate was at the lows of 2022.
(Source: https://x.com/SimplyBitcoinTV/status/1807852469894119493/photo/1)
This is very different than it was back then, but the point is miners are getting forced out.
Which means less weak hands selling to keep the lights on.
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