#Bitcoin halving in April was supposed to boost #miner profits, but hash price plunged.

Hash price reflects daily miner earnings per hashing power unit (invented by Luxor).

#Halving cut mining reward, reducing profitability despite high hash rate.

This slump coincides with other negative trends for Bitcoin.

Bitcoin dominance index and market value are also down.

But some analysts see hope. #CryptoQuant points to bullish signs in #aSPOR metric.

Rekt Capital predicts a major rebound based on historical cycles.

Historically, Bitcoin price peaks 500-550 days after halving, suggesting potential gains in mid-2025.

The future is uncertain - short-term pain for miners, but long-term optimism for Bitcoin.