📢Odaily Planet Daily News! According to CryptoQuant data, the computing power of the Bitcoin network has fallen to its lowest level since December 2022, when the FTX collapse triggered a bear market. 😮The current real Bitcoin computing power has dropped to -7.6%, which may indicate that the Bitcoin price has bottomed out.

📊Other indicators such as Bitcoin exchange reserves, miner position index (MPI) and Bitcoin miner reserves also show low selling pressure, further supporting the view of the market bottom. Capriole founder Charles Edwards pointed out that the Bitcoin computing power band indicator issued a buy signal, reflecting the slowdown in network computing power.

🔍Market analyst Will Woo said that the market will not reach new highs until weaker miners are forced to shut down operations. Recently, the withdrawal volume of Bitcoin miners after the halving fell by 90%, further indicating that the selling pressure has eased and the price of Bitcoin is expected to continue to rise. 🚀All this suggests that the future of Bitcoin may be brighter! (Cointelegraph)