Recently noticed a detail - the overall Bitcoin network Computing Power has collectively declined, with a drop of about 4%. At first glance, it seems like bad news, but in the on-chain data research community, this is interpreted as a bottom signal.
The logic is as follows: when miners start shutting down their equipment, what does it usually mean? Either the electricity prices have become unbearable, or the coin prices are too low, and the mining profit margins have been squeezed out. However, this precisely indicates that the market has nearly digested the pessimistic sentiment.
Looking back at history, similar adjustments in Computing Power often occur near the bottom area. Many technical analysts take this as an observation indicator—not to say one must buy at the bottom, but it provides market participants with a reference dimension.
Of course, a single indicator can never tell the whole story. Only by combining multiple perspectives such as on-chain balances, large holder movements, and market liquidity can we draw relatively reliable conclusions.
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UncleWhale
· 12-23 07:41
The plummet in computing power is actually miners helping us find the bottom. Those who play mining are struggling to afford food yet still holding on, what does this indicate?
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StablecoinArbitrageur
· 12-23 07:27
actually, 4% hashrate drop is nothing to write home about tbh. seen worse during summer power crunches. the real question is whether this correlates with exchange outflows at statistically significant levels. single metric analysis is exactly how people blow up their portfolios ngl
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ruggedSoBadLMAO
· 12-23 07:19
Computing Power plummeting = Miner giving up = Bottom signal, I accept this logic.
When Computing Power goes down, it means miners are cutting losses, indicating that no one is holding firm anymore. Historically, it has always been like this; it will only rebound after falling to the bottom.
However, don't go all in, take a look at on-chain data before making any decisions.
#美联储回购协议计划 The overall network mining Computing Power plummeted by 4%, this signal is interesting.
$BTC $ETH $DOGE
Recently noticed a detail - the overall Bitcoin network Computing Power has collectively declined, with a drop of about 4%. At first glance, it seems like bad news, but in the on-chain data research community, this is interpreted as a bottom signal.
The logic is as follows: when miners start shutting down their equipment, what does it usually mean? Either the electricity prices have become unbearable, or the coin prices are too low, and the mining profit margins have been squeezed out. However, this precisely indicates that the market has nearly digested the pessimistic sentiment.
Looking back at history, similar adjustments in Computing Power often occur near the bottom area. Many technical analysts take this as an observation indicator—not to say one must buy at the bottom, but it provides market participants with a reference dimension.
Of course, a single indicator can never tell the whole story. Only by combining multiple perspectives such as on-chain balances, large holder movements, and market liquidity can we draw relatively reliable conclusions.