Bitcoin is down today for a very simple reason — and it’s coming straight from China 🇨🇳
Yes… China is pressuring Bitcoin again.
Here’s what’s actually happening 👇
📢 China has tightened regulations on domestic Bitcoin mining once more
📢 In Xinjiang, a massive portion of mining operations were shut down
📢 Around 400,000 miners went offline in a short time
You can already see the impact in the data 👀
⚡ Network hashrate is down ~8%
When miners are forced offline, the effects are immediate:
– Mining revenue drops instantly
– Miners need cash to survive or relocate
– Some are forced to sell BTC
– Short-term uncertainty spikes
👉 This creates real sell pressure — not fear, not hype
🚫 This is NOT a long-term bearish signal
✅ This is a temporary supply shock, caused by policy — not demand
We’ve seen this play out before:
China cracks down → miners shut off → hashrate dips → price wobbles → network adjusts → Bitcoin moves on
📉 Expect short-term volatility
🔥 Long term? This changes nothing for Bitcoin
Stay calm. Stay informed.
