US Leads Mining Share as Global #Bitcoin Hashrate Falls 5.8% Quarter-on-Quarter.
The Bitcoin network hashrate declined 5.8% to 1,004 EH/s in Q2 2026, signaling weakening mining activity and sector-wide financial stress.
A sharp price collapse in Bitcoin from ~$126K to ~$65K has severely reduced mining revenues.
Miner profitability has deteriorated to record lows, with hashprice falling to about $27.89 per PH/s/day.
High-cost mining rigs (with efficiency above ~25 J/TH) are becoming unprofitable, forcing large-scale hardware shutdowns and capacity exits.
Around 252 EH/s of computing power is estimated to be offline, reflecting widespread miner retreat and consolidation.
#Crypto
Guys⦠just take a second and really look at this š±
$EDGE is setting up in a way that doesnāt happen often⦠and when it does, it doesnāt stay quiet for long š
I was digging through the on-chain data⦠not just surface-level charts, but actual wallet behavior ā and what I found is hard to ignore.
7ā8 big wallets⦠not small traders⦠real capital⦠all stepped in at the same time.
Not randomly. Not slowly. Together.
That kind of synchronized accumulation?
It usually means one thing: someone knows something⦠or at least theyāre positioning like they do.
Right now, price hasnāt even reacted properly yet.
Why? Because liquidity is still thin.
And thatās the scary (and exciting) partā¦
Once liquidity flows in⦠once these orders start getting filled properlyā¦
this thing doesnāt crawl ā it moves fast š
Weāve literally seen this exact setup before.
Coins like SIREN⦠$STOā¦
Same quiet accumulation ā same disbelief phase ā then suddenlyā¦
BOOM. Vertical candles. No proper pullbacks. No mercy.
And by the time retail realizes whatās happening?
Itās already too late. Theyāre buying the top.
Right now, $EDGE is still in that early phaseā¦
That ānothing is happeningā zoneā¦
The zone where most people scroll past and ignore.
But smart money?
Theyāre not ignoring. Theyāre loading.
Letās be real though ā this isnāt risk-free.
If momentum doesnāt kick in⦠if liquidity delaysā¦
price can stay stuck⦠or even fake out weak hands before the real move.
Thatās how this market plays games.
It rewards patience⦠and punishes hesitation.
So yeah⦠upside?
$2 is not crazy if momentum confirms.
Downside?
Short-term shakeouts, volatility, maybe even doubt creeping in.
Thatās the reality no one likes to talk about.
But setups like this?
They donāt show up every day.
This is one of those moments where you either act earlyā¦
or you sit back and watch others post profits later.
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