The BTC hashrate broke ATH again 🥳

in H4LAB Research • 9 months ago (edited)

1000011397.jpg

Recently, the BTC(Bitcoin) hashrate dropped. However, it recovered again as always 🤗 Compare the BTC hashrate when it was 2021. Now is more 4 times than 2021. But, the BTC price is lower than that time.

I think the BTC hashrate indicates the long-term price direction, which means the BTC inherent on-chain data is robust than 2021.

1000011403.jpg

Source: YCharts

I thought the BTC miner revenues in USD were deteriorating. However, their revenues have been getting better over time. It's attributed to the price rise. Let's keep our eyes on the BTC hashrate in the coming months.

#btc #bitcoin #hashrate
9 months ago in H4LAB Research by
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     9 months ago 

    This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab

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     9 months ago 

    🧐 seems like we're in it for a good ride & an opportunity to leverage on earning products like the Smart portfolio bot of Bitget while hodling BTC.

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