VanEck: Investor Sentiment Could Rekindle Momentum in Bitcoin

Decline in Bitcoin Hashrate

According to VanEck, in the last 30 days, the Bitcoin hashrate experienced its largest decline since April 2024. This drop is generally associated with miner capitulations and indicates that the market is closer to local lows.

Negative Hashrate Growth and Bitcoin Returns

According to research by VanEck, during periods of negative hashrate changes over the last 90 days, Bitcoin's returns over the past 180 days have resulted in a positive 77%. This situation serves as an important signal for investors.