The decline in computing power may be bullish.

VanEck states that historically, Bitcoin tends to deliver stronger returns after a decline in computing power.

Although BTC's computing power has increased tenfold since 2020, it has decreased by 4% in the past 30 days, marking the largest drop since April 2024 (following the peak in November).$BTC

BTC
BTCUSDT
87,588.1
-0.05%