ChainCatcher message, CryptoQuant founder and CEO Ki Young Ju revealed that the hash rate support of the Bitcoin network has reached an all-time high, and the reasons behind this are worth noting.

First, the key factor driving this growth is the increase in the number of ASIC miners, rather than the improvement in chip performance. Since the beginning of this year, the number of mining machines has increased by 826,000 units, a year-on-year growth of 23%. This indicates that market interest in Bitcoin mining remains high.

Second, the increase in the number of mining machines directly affects the overall hash rate of the Bitcoin network, bringing it to new heights. This change may have profound implications for the market dynamics of Bitcoin.