Hash rate has dropped, could it be a buying opportunity? 🤔 VanEck's latest report provides a counterintuitive answer.
As of December 15, over the past month, the total Bitcoin network hash rate decreased by 4%. Historically, this often marks the ultimate bullish signal of 'Miner Capitulation'!
📊 VanEck's data hard support:
🔹 Win Rate: Since 2014, the probability of positive returns 90 days after a decrease in hash rate is 65% (higher than the 54% during increases).
🔹 Long Term: If there is negative growth in hash rate over 90 days, the probability of an increase over the following 180 days is as high as 77%, with an average increase of about 72%!
The current 4% drop is the most severe since April 2024. When weak miners shut down and exit, it often means the cleansing of chips is nearing its end.
Don't get washed out before dawn; the 'negative growth' of hash rate might just be the beginning of 'positive returns' in price. 🚀
