@blknoiz06, help me cover Buenos Aires City (Argentina) in solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump stickers. Get the community to send me the best art and i will buy stickers to paste all around. Will send pictures of iconic places with The Black Bull in It.
@blknoiz06@Tradermayne@blknoiz06 What would you like to see in order to go short again? Or still in the initial trade from these last few days? Thank you.
$ENA is a really good coin but I am not in it anymore; more just waiting to see if it pulls back or not. $0.75 would be an interesting entry region and I'm more in watch and see mode for now. Gave back a bit of profits during this chop and going to just remain patient for now.
#btc Plan for today. Look for weakness after a sweep of Yday high into local supply. If we do so and reject, some lows should be next... Let's see what we get.
Hashrate dropping? 🛠
In the broader trend, there’s little cause for concern. However, on lower timeframes, the hashrate has seen a significant drop, currently sitting at 807.26M TH/s (30DMA), compared to the 30-day high of 997.4M TH/s.
This decline suggests miners are shutting down machines, leading to the reduced hashrate. The magnitude of this drop is comparable to major events like the China Mining Ban in May 2021 and, more recently, April 2024.
Meanwhile, difficulty continues to hit all-time highs. However, it will take time to adjust, as a lower hashrate leads to slower block production, eventually resulting in decreased difficulty—a process that typically takes around two weeks (2,016 blocks).
Keep an eye on miner flows and hashrate👀