Institutional buying and hashrate recovery back the bitcoin bottom thesis
- —Net institutional buying, including ETFs and corporate treasuries, equals about 130% of daily BTC issuance
- —Bitcoin hashrate has climbed for 4–6 weeks after roughly 10 months of decline
- —Production cost is estimated at $60–70K, while network energy-based value exceeds $100K
- —The yield Edwards tracks has topped 5% and reached about 5.3%
Why it matters: Sustained institutional demand and hashrate growth would reinforce expectations that the cycle bottom has passed, though high rates could keep volatility elevated.
Source: TokenPost