VanEck: Investor Sentiment Could Regain Momentum in Bitcoin

Decline in Bitcoin Hashrate

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

Negative Hashrate Growth and Bitcoin Returns

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