The nuclear power plant exploded! The US military destroyed 30% of Bitcoin's hash power with a single shot, and the truth behind the price crash is revealed!
The catastrophic drop in Bitcoin to $BTC is caused by the attack on the nuclear power plant! Recently, the fundamental reason for Bitcoin's crash lies in the escalation of conflicts in the Middle East, as the US destroyed the nuclear power plant that supplied power to Bitcoin mining in Iran!
This attack resulted in disastrous consequences:
Global Bitcoin mining hash power plummeted nearly 30% from about 1000 EH/s to approximately 700 EH/s. The key point is that although the overall hash power has significantly shrunk, the total daily output of Bitcoin remains unchanged.
This is a huge boon for the remaining miners: The difficulty of mining a single Bitcoin has dropped sharply, and costs have also drastically reduced!
The sudden change in cost structure directly impacts the market: A large number of miners realize that even if they sell Bitcoin at prices far below previous market rates, they can still make a profit based on the new extremely low mining costs, or even higher profits.
As a result, the number of sellers willing to cash out at lower prices surges, and the combined effects of increased selling pressure and enhanced bargaining power of buyers trigger a catastrophic price crash for Bitcoin.
Core chain of events:
1. The US attacks the Iranian nuclear power plant;
2. Power outages at mining farms lead to a global hash power drop of about 30%;
3. The cost of mining a single coin plummets;
4. Miners have a strong willingness to sell and can accept lower prices;
5. Market selling pressure surges, and Bitcoin's price collapses in response.
A "power outage incident" triggered by a geopolitical conflict dramatically becomes the catalyst for the short-term collapse of Bitcoin's price.
Blindly going solo will never bring opportunities; why not follow Brother Sheng? I will lead you to explore coins with tenfold potential! Top-tier primary resources!
