🚨 BITCOIN IS DROPPING — HERE’S THE REAL REASON 🤔📉
Bitcoin is down today, and there’s a clear reason behind it—one most people aren’t explaining properly.
📢 The source? China.
Yes, once again, pressure on Bitcoin is coming from China.
🔍 What’s actually happening?
China has tightened regulations on domestic Bitcoin mining yet again.
In December, major mining operations in Xinjiang were forced to shut down.
⚡ In a very short time, nearly 400,000 miners went offline.
📊 The impact is already visible in the data:
➡️ Bitcoin’s network hashrate is down by around 8%.
🤔 When miners are suddenly forced offline, several things happen fast:
Revenue drops immediately
Miners need cash to cover costs or relocate
Some are forced to sell BTC
Short-term uncertainty increases
👉 This creates real sell pressure in the market.
❗ Important to note:
This is not a long-term bearish signal for Bitcoin.
It’s a temporary supply shock, not a demand problem.🎬 We’ve seen this before:
China crackdown → miners shut down → hashrate dips → price wobbles → network adjusts → Bitcoin moves forward.🔥 Expect some short-term pain, but long term, this doesn’t change Bitcoin’s fundamentals.#Bitcoin #BTC #China #CryptoN ews #MarketUpdate
