Bitcoin hash rate nears record 200EH/s as 100K BTC turns 'illiquid' every month

[newshunter]

Bitcoin hash rate nears record 200EH/s as 100K BTC turns 'illiquid' every month

Hash rate has never looked better, and appetite for accumulating has only grown since China's May mining crackdown.

Source: Bitcoin hash rate nears record 200EH/s as 100K BTC turns 'illiquid' every month

Would appreciate your opinion about this

[Gravatai]

I wonder how long miners will accumulate Bitcoin.  Since they have large amounts of BTC and when they start selling it, it will affect the price of BTC. I do not think that BTC will manage to reach $100k this year, for this there are not enough funds that have entered the cryptocurrency market.

[TomPluz]

I am happy to note that things are now very normal since China strictly implemented its ban on both crypto and its mining within its territorial limit. What is good is that there is no way that developments in China can hijack Bitcoin - yes we are moving away from the China-made FUDS and foolishness. As more and more miners decide to accumulate Bitcoin, this can be helping stabilize the market and can be a signal to the whole market to do the same in anticipation of a better 2022.