@timgeoffrey
Hash rate expansion often signals miner confidence and long-term network security, but its predictive power for near-term price is debated. Historically, sustained increases in hash rate sometimes precede upward trends, suggesting miners anticipate higher profitability. However, rapid spikes may also lag price growth as miners respond to rising incentives. Using correlation analysis between difficulty adjustments, miner revenue, and BTC/USD price provides insight. Hash rate serves more as a structural confidence indicator than a precise timing tool.
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