Bitcoin has experienced a significant drop in hashrate, the fastest in years, despite the price surge above $100,000.
The decline in hashrate raises concerns about the economic pressure on miners post-halving, as block rewards decrease and electricity costs remain high.
This trend may indicate growing miner consolidation, strained margins, or structural changes in the mining sector.
The disconnect between Bitcoin's price and hashrate suggests a new phase where mining becomes more competitive and capital-intensive.