BTCUSDT
Perp
86,335.7
-3.56%
đ¨ BITCOIN IS CRASHING AND THIS IS THE REASON WHY!!! đ¤đ˘
Bitcoin is down today for a very simple reason, and almost nobody is explaining it properly đ˘
Itâs coming straight from China, and the timing matters đ¤
Thatâs right, chinaâs crashing bitcoin, AGAIN.
Hereâs whatâs happening đ˘đ˘
China just tightened regulations on domestic Bitcoin mining again đ˘
In Xinjiang alone, a huge chunk of mining operations were shut down in December đ˘
Roughly 400,000 miners went offline in a very short window đ¤
You can already see it in the data:
Network hashrate is down around 8%.
When miners are forced offline like this, a few things happen fast:
â They lose revenue immediately
â They need cash to cover costs or relocate
â Some are forced to sell BTC into the market
â Uncertainty spikes short term
That creates real sell pressure, not the other way around.
This isnât a long-term bearish signal for Bitcoin.
Itâs a temporary supply shock caused by a dumb policy, not demand.
Weâve seen this movie before.
China cracks down â miners shut off â hashrate dips â price wobbles â network adjusts â Bitcoin moves on.
We should expect more pain in the short term, but long term this doesnât even matter đĽđ˘
#bitcoin #china #Market_Update rewrite.
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