Golden Finance reported that analysts pointed out that the price of Bitcoin is expected to rebound only after the miners surrender and the network computing power is restored. Independent analyst Willy Woo stated that the key to the current decline in Bitcoin price is the exit of "weak holders," including the operation of old hardware and high-cost inefficient miners. Woo believes that as the mining industry reorganizes and hardware upgrades, the price may stabilize and potentially rise. However, the current surrender process is longer than in previous cycles, perhaps due to the impact of profit improvement. In addition, analysts pointed out that the recovery speed of Bitcoin's computing power is also far lower than in historical periods, indicating challenges and opportunities in the market.
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Analisis: Harga Bitcoin diperkirakan akan mengalami rebound setelah penambang menyerah dan daya komputasi pulih
Golden Finance reported that analysts pointed out that the price of Bitcoin is expected to rebound only after the miners surrender and the network computing power is restored. Independent analyst Willy Woo stated that the key to the current decline in Bitcoin price is the exit of "weak holders," including the operation of old hardware and high-cost inefficient miners. Woo believes that as the mining industry reorganizes and hardware upgrades, the price may stabilize and potentially rise. However, the current surrender process is longer than in previous cycles, perhaps due to the impact of profit improvement. In addition, analysts pointed out that the recovery speed of Bitcoin's computing power is also far lower than in historical periods, indicating challenges and opportunities in the market.