On-Chain Analysis: Declining Hashrate Does Not Slow Bitcoin’s Growth

[waybesuricata]

Today’s on-chain analysis highlights the declining hashrate of the Bitcoin network, which correlates with the bearish trend of the BTC price. However, it turns out that there are still more new users taking advantage of the bottom to join the crypto market.

At the same time, indicators of changing positions of long-term hodlers and declining BTC liquid supply provide signals of a potential trend reversal. Still, the correlation between the dropping price of BTC in the last two months and the short-term speculators sell-off remains very apparent.

Source and continuation of the article:  https://beincrypto.com/on-chain-analysis-declining-hashrate-does-not-slow-bitcoins-growth/