Analysts from investment firm VanEck, one of the leading players in traditional finance, have expressed an unexpected yet reasoned viewpoint: the decline in Bitcoin miner activity observed after certain events (such as halving) is not a cause for concern, but rather may be a bullish signal for the price of the first cryptocurrency.
According to them, such "cleansing" periods in the mining market, when less efficient or financially weak operators disconnect from the network, are a natural and even healthy process. This leads to reduced selling pressure on Bitcoin, as fewer miners need to quickly liquidate mined coins to cover operational costs. Those who remain are stronger, more efficient, and likely have better financial positions, allowing them to hold Bitcoin while waiting for higher prices.
Thus, VanEck claims that the period following a decline in miner activity often precedes a significant increase in Bitcoin price, as the reduction in supply for sale from miners meets stable or rising demand, creating favorable conditions for a new bull cycle.
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