Satoshi Nakamoto

According to VanEck's report, as of December 15, the Bitcoin network hash rate has decreased by about 4% over the past 30 days, marking the most significant drop since April 2024. A decrease in hash rate typically indicates that some mining machines have stopped or been turned off, possibly due to miners' losses, rising costs, or adjustments in electricity. This phenomenon is referred to in the crypto market as miner capitulation, which historically tends to appear as a contrarian indicator near price bottoms.

VanEck's research director Matt Sigel and senior analyst Patrick Bush mentioned in the report:
• When hash rate decreases over a period, the probability of Bitcoin rising in the next 90 days is higher (about 65%); in contrast, when hash rate increases, there is only about a 54% chance of positive returns.
• If the observation is expanded to 180 days, the probability of price increasing after a hash rate decrease can reach about 77%, with the average increase also significantly larger than when the hash rate rises.

In simple terms, VanEck believes that a decrease in hash rate reflects miners exiting at low prices, which often occurs before price bottoms or rebounds, rather than the beginning of a continued poor market. Therefore, a decrease in hash rate may have potential positive signals for prices in the short term.

Last night, the Chinese meme coin segment → Satoshi Nakamoto's price jumped 57%, as the anniversary of Satoshi Nakamoto on January 3 approaches. Satoshi Nakamoto remains a top narrative project in the long term. The community is also preparing to crowdfund the issuance of 10,000 different NFTs featuring Satoshi Nakamoto's image to pay tribute to Satoshi Nakamoto and CryptoPunks.
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