hashrateThe Next Arms Race is The Hash Race China holds Approx 200k BTC via seizures and approximately 55% of the hashrate is attributed to Chinese pools The US accounts for ~40% of the global Bitcoin hashrate Russia holdings are unknown, but the nation makes up approximately 5% of mining The UK holds 61,245 BTC via seizures
BTC_HASHRATE trade ideas
BTC Hashrate new ATHThis has worked without fail in the past as an early warning sign for incoming sell-off. Could this time be different? We should find out tomorrow after CPI data is released, since consensus is mixed across YoY CPI and Core CPI, we could get an unpredictable reaction, although risk-on markets look to be bullish there isn't that much optimism there yet.
If this plays out as previously we should expect at least around 10-15% drop on BTC from current 22k level
Bitcoin HashrateI paid attention to the Bitcoin Network Hashrate.
It seems that the fall has not even passed into the active phase.
Industrial private miners are still hoping for price recovery and do not turn off their equipment.
People bought many ASIC miners for tons of credit money.
BTC Hashrate = -27% after the shutdown of miners in Texas.
Best regards EXCAVO
💡#i31: GlassNode BTC Avg. #️HASHRATE Daily's👨🏻🔧🎇🧵Blazing into fresh grounds 🔥
Bitcoin Average Est. Hashes P/Sec
*Note* Current diverging strength 💪🏼
of the #HashRate as compared to
Softer BTC/Crypto Price action.
Detailed Variants of Idea Chart Below :
GLASSNODE:XTVCBTC_HASHRATE
COINBASE:BTCUSD
BINANCE:BTCBUSD
BINANCE:BTCUSDT
BITFINEX:BTCUST
FOREXCOM:BTCAUD
CRYPTOCAP:BTC
