๐จ BITCOIN IS DROPPING โ HEREโS THE REAL REASON ๐ค๐
Bitcoin is down today, and thereโs a clear reason behind itโone most people arenโt explaining properly.
$BTC ๐ข The source? China.
Yes, once again, pressure on Bitcoin is coming from China.
๐ Whatโs actually happening?
China has tightened regulations on domestic Bitcoin mining yet again.
In December, major mining operations in Xinjiang were forced to shut down.
โก In a very short time, nearly 400,000 miners went offline.
๐ The impact is already visible in the data:
โก๏ธ Bitcoinโs network hashrate is down by around 8%.
๐ค When miners are suddenly forced offline, several things happen fast:
Revenue drops immediately
Miners need cash to cover costs or relocate
Some are forced to sell BTC
Short-term uncertainty increases
๐ This creates real sell pressure in the market.
โ Important to note:
This is not a long-term bearish signal for Bitcoin.
Itโs a temporary supply shock, not a demand problem.๐ฌ Weโve seen this before:
China crackdown โ miners shut down โ hashrate dips โ price wobbles โ network adjusts โ Bitcoin moves forward.๐ฅ Expect some short-term pain, but long term, this doesnโt change Bitcoinโs fundamentals.#Bitcoin #BTC #China
#CryptoN ews #MarketUpdate
$BTC