Oh ... MeN

in #btc • last month

According to Bitcoin Magazine Pro, BTC (Bitcoin) hashrate just collapsed by around 30%… miners are capitulating.
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Back in the summer of 2021, BTC hashrate dropped about 50%, but surprisingly, there was still one last upward wave.
Right now, BTC has broken out of the consolidation range below the 365-day SMA (Simple Moving Average). Miners are capitulating, and it looks like we might be entering a bear market.
I honestly didn’t expect ETH prices to behave like this without a bubble.
All I can do now is keep working, hope for Altseason 3.0, and DCA (Dollar Cost Average). That’s it!

#bitcoin #hashrate #hash #ribbons
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