Declining bitcoin (BTC) mining activity is often interpreted as a sign of network stress, reflecting weaker miner profitability, declining hashrate and concerns over the economic sustainability of mining operations. It is commonly ******* umed to be bad for the bitcoin price.
Digital ******* ets investment firm VanEck, however, argues that periods of falling hashrate — the total computational power being used by miners to secure the bitcoin network and process transactions — has historically functioned as a contrarian indicator, indicating improving price momentum rather than a signal of stru