#WhenWillCLARITYActPass INSIGHT: Bitcoin's hashrate has exploded ~80%, from 690 EH/s to 1,232 EH/s, in the past 3 weeks. ⚡️
Historically, hashrate has been a leading indicator of network confidence, not a lagging one. The last time we saw a comparable surge in percentage terms was late 2021 into early 2022, when miners rushed back online after China's ban. That wave preceded a significant repricing of mining equities and eventually contributed to the difficulty adjustment climbing to then-record highs.