DeepChain TechFlow News: CryptoQuant analyst Woominkyu's latest analysis report points out that there is a close correlation between Bitcoin hash price and Bitcoin price. The current low hash price may indicate that the Bitcoin price is approaching the bottom.Woominkyu explained that the hash price reflects miners' profitability. He illustrated through charts that historically, when the hash price drops to a low level (highlighted in blue boxes in the chart), it often corresponds to a period when the Bitcoin price is at or near its lowest point. This historical pattern indicates that the trough of the hash price often coincides with the bottom of the Bitcoin price.

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Deep Tide TechFlow News, CryptoQuant analyst Woominkyu's latest analysis report points out that there is a close correlation between Bitcoin hash price and Bitcoin price, and the current low hash price may indicate that the Bitcoin price is approaching the bottom.
Woominkyu explained that the hash price reflects the miners' profitability. He illustrated through charts that historically, when the hash price drops to a low level (highlighted in the blue box in the chart), it often corresponds to a period when the Bitcoin price is at or near its lowest point. This historical pattern indicates that the trough of the hash price often coincides with the bottom of the Bitcoin price.
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CryptoQuant Analyst: Bitcoin Hash Rate Price Slump May Indicate BTC Price Nearing Bottom