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RE: LeoThread 2024-12-10 07:20

in LeoFinance23 hours ago

Part 4/9:

  1. Bitcoin Hash Rate: This metric reached an all-time high of 740 exahashes, serving as a leading indicator of price movements. A higher hash rate typically reflects network confidence; miners are investing in infrastructure, anticipating future price appreciation.

  2. Institutional Demand: Large players like MicroStrategy have pre-announced substantial Bitcoin purchases, adding potential upward pressure to demand. Market participants often overlook this buying commitment while being overly sensitive to speculative short-term price movements.

Market Sentiment and Historical Context