#BTC、
Why Bitcoin’s Down Today — Most Are Missing the Real Story.
Once again, it starts in China.
And the timing is no coincidence.
China has just intensified its crackdown on domestic Bitcoin mining operations — specifically in Xinjiang.
In December alone, a massive number of miners were forced offline. We’re talking roughly 400,000 miners gone in a short span.
Check the data:
Network hashrate has dropped ~8%.
Here’s what happens when miners get shut down this abruptly:
· Immediate revenue loss
· Urgent need for liquidity to cover costs or relocate
· Forced selling of Bitcoin holdings into the market
· Short-term uncertainty and volatility
This creates real, tangible sell pressure.
But here’s the key:
This isn't a demand issue — it’s a policy-driven supply shock.
We’ve been here before.
China cracks down → miners go offline → hashrate falls → price reacts → network adapts → Bitcoin continues.
Short term? Expect some turbulence.
Long term? This won’t even be remembered.
Stay focused. The fundamentals haven’t changed.
#BITCOIN #CryptoNews #MarketUpdate #Mining #chain