Did we really just experience an approximately 30% swing in hash rate over the past day?

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As far as I understand, hash rate is an estimate based on block times and difficulty.

Sometimes when a string of blocks are found more quickly or more slowly, it shows up in the hashrate estimators as a large addition it removal of hashpower.

I think it’s not accurate and it’s best to look at the longer term hashpower trend to smooth out the lucky and unlocks periods of block creation.