Jump to content
Create New...

Bitcoin China Attacks Again and Drops Global Hashrate (-8%)

🎧
Analista ExpertFX

ExpertFX Podcast -
No time to read? Let me read it for you. Press Play!


Igor Pereira
 Share

Recommended Posts

  • ANALISTA

Traders, Bitcoin is bleeding today and, unfortunately, hardly anyone in the traditional media is explaining the right reason. It is not a technical failure, it is not the Fed (this time), and it is not the stock market.

Bitcoin China Attacks Again and Drops Global Hashrate (-8%) - ExpertFX School

By Igor Pereira

The sales pressure is coming directly from Chinaand the timing It's critical. Yes, China is "banging" or restricting Bitcoin again, creating a temporary offer shock that took the market by surprise.

The Xinjiang blackout: 400,000 Offline Miners

My on-chain and market intelligence data confirm that Beijing has again tightened regulations on domestic cryptocurrency mining.

  • The Focus: The province of Xinjiang, a historical mining hub.

  • The Impact: In a very short time window this December, about 400,000 mining machines have been shut down .

This is not speculation; it is visible in the network data. O Hashrate Global (Network Processing Power) dropped by about 8% abruptly.

Many ask: "If fewer people were mining, shouldn't the offer fall and the price rise?" Not in the short term. When miners are forced to shut down, the opposite happens:

  1. Liquidity Crisis: These miners lose their revenue source instantly.

  2. Forced Sale: To cover operational costs, debts or finance the relocation of machines to other countries, they are required to sell your BTC stocks in the spot market (Spot).

  3. Uncertainty: The market hates instability in network security, generating short-term panic.

We're seeing one. Capitulation of Miners forced by state policy. It's real sales pressure, physical, dumped into the bidding book.

We've seen this movie before. China prohibits -> Miners turn off -> Hashrate falls -> Price oscillates -> The net adjusts -> Bitcoin goes back up.

Although we should expect more pain and volatility in the short term (while this stock of BTC of miners is absorbed), This is not a long-term low-bearish signal. It is a temporary supply shock caused by an inefficient government policy, not by lack of real demand for the asset.

On our channel on the Telegram, I hit the exact bottom on $16 k three years ago and also $32 k and the top in $126 k in October here at ExpertFX. My reading is now clear: The market is reacting to a logistical event. Once the hashrate stabilizes and the machines are reconnected in more friendly jurisdictions, the recovery will be in "V", not too fast.

Recommendation: Suggests that with this, Japan's monetary policy as we send in the PREMIUM access, can influence in the short term, an accumulation within 83-86k-98k-103k is possible, but I still suggest better attention at demand levels $55k & $78k; We keep reporting here in the future.


Igor Pereira Your ExpertFX School Financial Market Analyst

💬 Did you like this content? Your feedback is very important!
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Terminal Visitor
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

TRADING HUB
● MARKET OPEN
Loading...
RETAILS SENTIMENT
INVERSE
  • Loading...


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use of Use and Privacy Policy

Search In
  • More options...
Find results that contain...
Find results in...

Write what you are looking for and press enter or click the search icon to begin your search

Live Global Sessions
Real-time NYSE Data Feed
Enjoying ExpertFX? 📈
Your review helps our community grow. Rate the app in seconds.