Listed mining companies’ computing power drops 13.4%! BTC $63,451.94—this time it’s really solid
💡 Bullish expectation! Listed Bitcoin miners directly cut 13.4% of their Bitcoin mining power to go do AI. As a result, selling pressure on BTC drops significantly.
In plain terms, this is a real positive for reducing spot Bitcoin sell pressure. Miners stop mining and switch to AI.
One sentence to make it clear
Listed miners cut 13.4% of their computing power, repurpose the electricity and data centers to AI and HPC, and BTC network sell pressure falls sharply.
What’s going on
Guys, something big happened in the mining circle recently. Those publicly listed Bitcoin mining companies collectively cut their hashrate by 13.4%! These bosses did the math and realized that mining BTC now means selling coins to pay electricity bills all the time—where’s the money to be made as the “landlord” for AI large models? So everyone has turned the factories and power previously used to run mining rigs directly into AI computing power data centers. Honestly, this is pretty pragmatic. Now a large amount of computing power has been redirected to AI, so there are fewer machines left on the Bitcoin network. That means the amount of new BTC packaged and sold to smash the market every day is shrinking, and the miners’ natural “shorting” selling force is greatly weakened.
Impact on the market
In the short term, it’s absolutely bullish. Miners are producing fewer coins, so the sell pressure flowing into the market daily is directly reduced. With BTC holding around $63,451.94, it can finally catch its breath—no need to constantly worry about miners relentlessly dumping. ETH’s current trend is relatively weak; it has fallen to $1,880.19. But as long as BTC holds steady, ETH should naturally follow later to repair.
In the medium term, the industry landscape will be reshuffled. Big publicly listed mining companies make a fortune from their AI businesses. With outside funding, they may not even need to sell the BTC they hold. Meanwhile, competition among “pure miners” will be smaller. Also, Wall Street institutions love crypto companies with AI computing narratives. Going forward, traditional-market capital may very likely keep flowing into the crypto market following the AI hype.
My take
I’m bullish! Honestly, the combination of sharply reduced miner sell pressure and AI capital entering is a script that’s just too smooth. If BTC holds $63,451.94, there’s no reason for a further large crash in the short term. Next, as long as it doesn’t break the previous low, this looks like a solid bottom-range. To the upside, if it can hold the key level at $65,000, the next round of rebound could kick off anytime. ETH at $1,880.19 is oversold. For medium-to-long-term funds, it’s fine to DCA blindly—great value.
- Coins: BTC / ETH
- Direction: Bearish 📉 Predicting a drop
- Duration: BTC 12 hours / ETH 24 hours
If you think this analysis is useful, give it a like and save it—when the market gets volatile, pull it up and take a look.
$BTC $ETH #BTC #ETH
📊 Historical backtest
- After news similar to “Germany accelerates Bitcoin sell-off” (2024-07-09) was released, BTC 12h rose/fell by +2.23%. The outlook was bearish ❌ incorrect.
- There are 136 historical Bitcoin-bearish news items. In 64 cases, the predicted direction matched the actual price action (accuracy: 47%).
#Industry
⚠️ Not investment advice
💡 Bullish expectation! Listed Bitcoin miners directly cut 13.4% of their Bitcoin mining power to go do AI. As a result, selling pressure on BTC drops significantly.
In plain terms, this is a real positive for reducing spot Bitcoin sell pressure. Miners stop mining and switch to AI.
One sentence to make it clear
Listed miners cut 13.4% of their computing power, repurpose the electricity and data centers to AI and HPC, and BTC network sell pressure falls sharply.
What’s going on
Guys, something big happened in the mining circle recently. Those publicly listed Bitcoin mining companies collectively cut their hashrate by 13.4%! These bosses did the math and realized that mining BTC now means selling coins to pay electricity bills all the time—where’s the money to be made as the “landlord” for AI large models? So everyone has turned the factories and power previously used to run mining rigs directly into AI computing power data centers. Honestly, this is pretty pragmatic. Now a large amount of computing power has been redirected to AI, so there are fewer machines left on the Bitcoin network. That means the amount of new BTC packaged and sold to smash the market every day is shrinking, and the miners’ natural “shorting” selling force is greatly weakened.
Impact on the market
In the short term, it’s absolutely bullish. Miners are producing fewer coins, so the sell pressure flowing into the market daily is directly reduced. With BTC holding around $63,451.94, it can finally catch its breath—no need to constantly worry about miners relentlessly dumping. ETH’s current trend is relatively weak; it has fallen to $1,880.19. But as long as BTC holds steady, ETH should naturally follow later to repair.
In the medium term, the industry landscape will be reshuffled. Big publicly listed mining companies make a fortune from their AI businesses. With outside funding, they may not even need to sell the BTC they hold. Meanwhile, competition among “pure miners” will be smaller. Also, Wall Street institutions love crypto companies with AI computing narratives. Going forward, traditional-market capital may very likely keep flowing into the crypto market following the AI hype.
My take
I’m bullish! Honestly, the combination of sharply reduced miner sell pressure and AI capital entering is a script that’s just too smooth. If BTC holds $63,451.94, there’s no reason for a further large crash in the short term. Next, as long as it doesn’t break the previous low, this looks like a solid bottom-range. To the upside, if it can hold the key level at $65,000, the next round of rebound could kick off anytime. ETH at $1,880.19 is oversold. For medium-to-long-term funds, it’s fine to DCA blindly—great value.
- Coins: BTC / ETH
- Direction: Bearish 📉 Predicting a drop
- Duration: BTC 12 hours / ETH 24 hours
If you think this analysis is useful, give it a like and save it—when the market gets volatile, pull it up and take a look.
$BTC $ETH #BTC #ETH
📊 Historical backtest
- After news similar to “Germany accelerates Bitcoin sell-off” (2024-07-09) was released, BTC 12h rose/fell by +2.23%. The outlook was bearish ❌ incorrect.
- There are 136 historical Bitcoin-bearish news items. In 64 cases, the predicted direction matched the actual price action (accuracy: 47%).
#Industry
⚠️ Not investment advice
