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Bitcoin Miners Face Pressure as Hash Rate Drops 4%, Analysts Signal Potential Market Reversal

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BTC
$86,915.60-0.96%
Bitcoin news reports a 4% hash rate drop as of December 15, according to VanEck analysts. Historically, such declines have preceded price gains, with a 65% chance of positive returns in 90 days. Prolonged compression raises recovery odds to 77% and average gains to 72% in 180 days. Mining costs for S19 XP miners fell 36% since December 2024, pressuring smaller operators. The decline follows 1.3 gigawatts of Chinese mining closures. Bitcoin analysis suggests AI demand could draw 10% of hash power. Bitcoin news notes the price is near $87,533.
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