Miner Hashrate Crash: Winter Storms Exposing Crypto Vulnerabilities?
🩸 Power shuts and hashrate plunges—nothing exposes infrastructure fragility like a good old winter storm. Reports of 40% drops in days hitting U.S. miners hard, while Bitcoin grinds lower? I've watched mining cycles since 2017, rotating out of miner stocks during past crunches—took profits early this time. Is this temporary noise or signal of broader risks in proof-of-work?
Charts reflect pressure: BTC testing supports with increased volatility on news, volumes spiking briefly on liquidations but overall thin. Miner capitulation echoes—hashrate slumps forcing curtailments, energy costs spiking.
On-chain: difficulty adjustments looming, but network secure. Corporate miners downgraded amid AI shifts, per reports.
Macro tie-in: energy debates fueling regulatory scrutiny.
Balanced: short-term pain, long-term resilience—Bitcoin survived worse.
Watching hashrate recovery for signals? Impact on your BTC view? Any miner plays?
