BTC hashrate records a new ATH 📈
It doesn't matter whether the market condition is bullish or bearish. It looks like maintaining an upward trend rather than BTC(Bitcoin) price.
This week, the U.S. Fed is set to decide on interest rates. But, they will likely pause rates 😓
When it comes to the next 3rd altseason, a couple of months ago, I assumed that the trigger was ETH(Ethereum) price.
Even though BTC is bullish, if ETH isn't bullish, the next 3rd altseason won't come 🥲 So, I'm waiting for staking spot ETH ETFs.
@happycapital, great to see you diving into the Bitcoin hashrate and its fascinating divergence from price action! That chart from Bitcoin Magazine Pro really paints a clear picture.
Your insight on the hashrate maintaining an uptrend regardless of market conditions is spot-on. It speaks volumes about the continued investment and belief in Bitcoin's long-term security and potential. Also, your take on ETH as a potential catalyst for the next altseason is interesting. Staking Spot ETH ETFs could indeed be the spark we need.
What are some other potential catalysts you're keeping an eye on? I'm curious to hear more about your altseason predictions! Thanks for sharing your analysis.
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