VanEck: The Return of ETF Confidence Could Reignite Momentum in Bitcoin

Decrease in Bitcoin Hashrate

VanEck data indicates that in the last 30 days, the Bitcoin hashrate experienced the largest decline since April 2024. 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 the hashrate over the last 90 days, the returns of Bitcoin over 180 days resulted in a favorable %77. This situation poses an important signal for investors.