BlockBeats News, on August 14th, despite the recent decline in BTC price, Mineur is still increasing its network Hash Rate, which indicates positive sentiment after the usual sign of Capitulation event that marks the bottoming out of price. On August 5th, the outflow of BTC surged to 19,000 BTC, reaching the highest level since March 18th, indicating a significant Capitulation of Mineur. At this time, the price of BTC reached 49,000 US dollars, indicating that Mineur is dumping assets to compensate for costs as profit margins tighten. CryptoQuant indicates that BTC Mineur is expanding its capacity again as the network Hash Rate reached a new high this week after the Capitulation event. On Tuesday, the network Hash Rate set a new record of 627 exahash per second, recovering from a 8.5% decline since early July. This indicates that Mineurs’ sentiment has become positive after months of dumping.
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La "capitulation des mineurs" et le nouveau record du taux de hashage peuvent indiquer un plancher pour le prix du BTC
BlockBeats News, on August 14th, despite the recent decline in BTC price, Mineur is still increasing its network Hash Rate, which indicates positive sentiment after the usual sign of Capitulation event that marks the bottoming out of price. On August 5th, the outflow of BTC surged to 19,000 BTC, reaching the highest level since March 18th, indicating a significant Capitulation of Mineur. At this time, the price of BTC reached 49,000 US dollars, indicating that Mineur is dumping assets to compensate for costs as profit margins tighten. CryptoQuant indicates that BTC Mineur is expanding its capacity again as the network Hash Rate reached a new high this week after the Capitulation event. On Tuesday, the network Hash Rate set a new record of 627 exahash per second, recovering from a 8.5% decline since early July. This indicates that Mineurs’ sentiment has become positive after months of dumping.