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Bitcoin hashrate rolling over — shallow dip or something deeper?

Hashrate pulling back again. The key question is whether this stays a minor dip or turns into the kind of drawdown we've seen at previous cycle bottoms. Worth keeping an eye on.

Sofia Reyes·Jun 16, 2026·1 min read

Hashrate rolling over — again

Bitcoin's hashrate is slipping, and past cycle bottoms often had deeper drawdowns (10–40%). Right now it's only a -3% dip. Is this just a pause before the next leg up, or a warning sign that miners are capitulating? 🤔

I'm watching closely. If hashrate steepens its decline, it could coincide with a price shakeout. But if it stabilizes here, maybe the bull run has more room to run. What's your read on miner behavior right now?

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