After determining the highest new level ever (ATH) earlier in the month, Hashraate Bitcoin witnessed a crash. Here is what this can mean to the original.
The average bitcoin division has decreased for 7 days since the registry
“Hashrate” refers to an indicator that measures the total amount of computer energy that mining workers connect to the Bitcoin network for the purpose of mining. The value of the scale is measured by retail per second (H/S), or the most practical exhashes.
When the value of this indicator rises, this means that miners add more energy to Blockchain. This trend indicates that the BTC mining looks profitable for these auditors in the chain.
On the other hand, the scale can indicate the descent to some members of the regiment being pressure, so they decided to expand their facilities.
Now, here is a scheme from Blockchain.com that shows the average trend for 7 days to divide the Bitcoin during the past year:
Looks like the value of the metric has sharply gone down in recent days | Source: Blockchain.com
As shown in the graph above, the average bitcoin retail for 7 days saw a rapid increase to a new ATH of about 943.6 EH/S on June 15. Since this peak, the index has seen a sharp reflection. Today, the computing power of mines reaches 834.8 EH/S, more than 11 % compared to the record.
Given the rapid decrease, miners can feel financial pressure. Indeed, according to a model on the series, this group can currently be classified as very low salaries.
Miners may also feel landing about the cryptocurrency, taking into account all geopolitical events that have occurred since its rise in retail, and feed on uncertainty in the market.
Miners depend on growth in the price of the original to improve their margins, so their behavior is often associated with the direction in the currency itself. Sometimes, miners expand or stop operations that expect future procedures, although these bets do not always pay fruits.
From the graph, it is clear that this is not the first time this year that the index witnessed a rapid drop in a rapid decrease. Since April, the scale now offered this style four times, with peak position a little larger in each case.
Looking at this trend, it is possible that the last decrease is also similar, and the average retail will decrease for 7 days a long time before. However, in the scenario that derives the decline beyond the current point, which is already close to the decrease in the last scale, it can indicate that the real shift may occur between miners.
In general, although miners change retail does not affect the price of bitcoin, at least not directly. What the decline can refer to is the distress between the group, which can force them to sell.
BTC price
At the time of this report, Bitcoin floats around $ 105100, a decrease of 0.3 % in the past seven days.
The trend in the BTC price over the past five days | Source: BTCUSDT on TradingView
Distinctive image from Dall-e, Blockchain.com, Chart from Tradingview.com
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2025-06-25 04:00:00
