🚨 BITCOIN MINERS SHUT DOWN ACROSS THE U.S.
Bitcoin’s network hashrate plunged sharply, dropping from 1.13 ZH/s to 690 EH/s in just two days, signaling a large number of miners going offline.$GLMR
While sudden hashrate declines are often associated with miner capitulation, this move appears to be driven by extreme winter weather in the United States, not financial stress.
📌 What’s happening:$AXL
• The U.S. accounts for roughly one-third of global Bitcoin mining
• A severe cold storm is straining power grids
• Electricity prices have surged, forcing miners to temporarily shut down machines
⚠️ Why it matters:
If the cold snap continues, some miners may be forced to sell BTC to cover fixed operational costs, adding short-term sell pressure to the market.$NEAR
For now, this looks like a weather-driven disruption, not a structural breakdown — but prolonged outages could have broader market impact.
#ETHWhaleMovements #SouthKoreaSeizedBTCLoss #ClawdbotTakesSiliconValley
