Well, that was fast!

We crashed, and the world was ending.

The hash rate plummeted, and the price of bitcoin tanked.

Fast forward a few weeks though and it already looks like the worst is over.

The price has stabilized (for now?) and the hash rate appears to have bottomed:

(Source: https://pomp.substack.com/p/new-whales-entering-the-market-and)

Hash rate follows price, or does it?

Some out there think it's a leading indicator for prices.

If there is any truth to that, hash rate starting to climb again is great news.