⛏️ HASHRATE AT 866 EH/s: Why Miners Are More Bullish Than You
Fear & Greed sits at 22. Retail is scared.
Meanwhile, Bitcoin miners just deployed 866 EH/s of computational power - near all-time highs.
Who should you trust? Feelings or infrastructure?
The hashrate story:
→ Current Hashrate: ~866 EH/s
→ Mining Difficulty: 149.3 T (ALL-TIME HIGH)
→ YTD Growth: +40% since halving
Miners don't deploy billions in hardware to mine a dying asset. They're betting on Bitcoin's future with real capital.
What my on-chain node shows (Block 926,803):
→ SegWit Adoption: 99.4% (network maturity)
→ Fee Status: LOW
→ Whale Impact: MEDIUM
→ Volume: Normal
Why LOW fees + HIGH hashrate is bullish:
When hashrate peaks but fees stay LOW, it means:
Miners are confident in FUTURE revenue
No congestion = healthy network capacity
Infrastructure building, not panic
The divergence:
Retail sentiment: FEAR (22 index)
Miner sentiment: $866 EH/s deployed
One of these groups is betting millions. The other is posting on social media.
What the macro says:
→ Regime: RISK-ON TRENDING
→ Sentiment: POSITIVE
The network has never been more secure. Difficulty at ATH means it's never been harder to attack Bitcoin.
Historical pattern:
Hashrate peaks often PRECEDE price peaks. Miners see what retail doesn't - they have skin in the game.
The bottom line:
Fear & Greed measures emotions.
Hashrate measures conviction.
At 866 EH/s and 149.3 T difficulty, miners are screaming bullish.
Are you listening?
#BTCHashratePeak #bitcoin #Mining #OnChainAnalysis #cryptotrading #BTC
$BTC