CryptoQuant CEO calls rising Bitcoin hashrate ‘indirect bullish signal’ from institutions

What happened: CryptoQuant CEO Ki Young Ju called Bitcoin's rising hashrate an "indirect bullish signal" from institutions backing public miners, as miners like NIP Group expand capacity. Key numbers: Hashrate recovered about 45% from July lows of about 726 EH/s to roughly 1,050 EH/s on Wednesday, below the October 2025 peak of 1,305 EH/s. BTC traded near $81,843. Why it matters: Ju said higher hashrate means stronger security and better fundamentals as a store of value. Miner stocks fell about 12% as higher-than-expected inflation pressured the sector.

CryptoQuant CEO Ki Young Ju called Bitcoin's rising hashrate an "indirect bullish signal" from institutions backing public miners, as miners like NIP Group expand capacity.

Ju said higher hashrate means stronger security and better fundamentals as a store of value. Miner stocks fell about 12% as higher-than-expected inflation pressured the sector.