$BTC Bitcoin’s hashrate just hit record levels. Strong network… but are miners starting to feel the squeeze?
Bitcoin’s network hashrate is sitting near all-time highs above 1 ZH/s, marking one of the most secure periods in $BTC’s history. JPMorgan data show the average hashrate in October rose to around 1,082 EH/s, another fresh record, while difficulty and energy costs keep climbing. CoinDesk+2CoinDesk+2
This surge reflects massive new mining fleets coming online and a long-term conviction that Bitcoin will remain valuable despite recent price volatility. Today, $BTC trades around $90,600, keeping Bitcoin the top crypto asset by market cap. CoinMarketCap+1
But the picture isn’t risk-free. Several reports note that miner profitability has been squeezed as difficulty hits record levels and post-halving rewards shrink, forcing some operators to sell more BTC to cover costs or shut down older hardware. Cryptonews+1
For traders, record hashrate is a double-edged signal:
structurally bullish for network security and long-term adoption;
potentially bearish short-term if miner selling increases during price dips.
Source: CoinDesk, CoinTelegraph, CoinMarketCap, CryptoNews.
Key Takeaways:
Bitcoin hashrate and difficulty are at record highs, boosting security.
Miner margins are under pressure, increasing the risk of BTC selling.
For $BTC, hashrate is long-term bullish but can add short-term volatility.
Disclaimer
This article is for informational purposes only and does not constitute financial advice.
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