VanEck released a report Monday highlighting a 4% decline in the Bitcoin network hash rate, the steepest drop since April 2024, which the firm identified as a potential signal for a market bottom as bitcoin treasury companies begin to scoop up cheaper coins. The firm highlighted that the 30-day moving average for Bitcoin’s hashrate fell 4% following a peak in early November. In the note, authored by Patrick Bush and Matthew Sigel, the VanEck senior analyst and head of digital asset research attribute this ...

4️⃣ Why it matters:🔹 Institutional flows from ETFs and funds are absorbing sell-pressure🔹 Supply held by long-term holders remains near record highs🔹 Miner capitulation hasn’t appearedOf course, market cycles evolve. Maybe this time, the rhythm stretches. Maybe we’re still mid-cycle. ...

JUST IN: Bitcoin hash ribbons indicator flashes bullish cross. 🚨Miner capitulation is over and rallies have often followed 📈 https://t.co/NkOJist7Lj ...