According to Odaily Planet Daily, former Bloomberg analyst Jamie Coutts said that BTC computing power is in a downward trend, which usually indicates the bottoming out and reversal of the bearish crossover after the May halving. However, this is based on the premise that the downward trend has stabilized and the market is still digesting excess supply. It is worth noting that the percentage difference between the 30-day and 90-day moving averages is consistent with the previous contraction of computing power and is not as severe as the situation after the halving in 2020.
