✉news BusinessCrypto first seen 6 h ago, last 3 h ago, peak #20
Bitcoin hashrate falls to 915.8 EH/s as miners sell
Original: Bitcoin's hashrate drops to 915.8 EH/s; miners reduce holdings by 1,530 BTC in a week
Bitcoin's network hashrate has dropped to 915.8 EH/s, while miners reduced their holdings by 1,530 BTC over the past week. The simultaneous decline in mining power and miner balances is being read as a sign of tightening conditions for mining operations, with attention on whether reduced miner selling and recovering hashrate will follow.
Why now: Falling hashrate alongside miners offloading Bitcoin raises concerns about miner profitability and potential pressure on the market.
Rank over time, top of the chart is #1. 2 snapshots from 4 h ago to 3 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/91854