Hashrate is down over 37% since Friday.
Price is down 7%
This is roughly equivalent to a 30% improvement in miner profit margins.
A mined Bitcoin got 37% cheaper.
A Bitcoin on an exchange got 7% cheaper.
Mining gives you exposure to the spread between price and hashrate.
How is this not being talked about more??
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Maybe because its volatility
Fair enough, does seem like a break in trend though
