$BTC

Price leads hash rate by 34 days.

BTC crashed first: 126K → 68K (-46%).
Difficulty fell to ~125.86T (-11.16% on Feb 7).
Hash rate: ~1,000–1,120 EH/s.
Next difficulty est.: +14–15%.

Miner stress likely cleared, network is re-hardening (bullish context).

Hold above 70K = bullish continuation.