Miner surrender? The 'death spiral' behind the data is turning

VanEck's report went viral: Bitcoin's mining power decreased by 4% this month, with impressive historical data—after a 90-day drop, the probability of increase is 65%, with an average increase of 72%. Everyone is shouting that 'the bottom is near,' but I advise you to stay calm. This time, it might be different.

The sharp drop in mining power is not a proactive 'adjustment' by miners, but a forced retreat under soaring global energy costs and regulatory crackdowns. They are not gathering strength; they are bleeding. Each mining machine that is turned off means more Bitcoin is silently thrown onto the market—supply undercurrents are building up, while most people only see the 'probability' of history.

The more cruel hidden danger lies in the safety aspect. The decline in mining power directly undermines the foundation of the network, and the theoretical risk of a 51% attack is quietly rising. When the narrative of 'decentralization' is shaken, will institutional funds still hold their positions with peace of mind? Data can deceive, but on-chain traces do not: if miners' wallets continue to see a significant outflow, the so-called 'bullish signal' may just be the prelude to a liquidity crisis.

Don't be anesthetized by 'historical patterns.' The current market structure has long since deteriorated, institutional holdings are highly concentrated, and miner sell-offs can easily trigger a chain liquidation, making any rebound fleeting. This is not panic; this is logical deduction.

Pay attention to Zhouyi, and participate in every attack of the Zhouyi villagers! Zhouyi will announce specific entry times and real-time news in the village every day! #中美贸易谈判