The article discusses the increase in Bitcoin’s mining difficulty despite the bearish price trajectory of the cryptocurrency. The rise in mining difficulty suggests that miners’ profitability has not been affected. The increase in hash rate is attributed to high confidence in the reliability and security of Bitcoin and Ethereum networks. The analyst believes that the fall in prices presents an opportunity for bullish investors to accumulate more assets. The article also mentions that data from the on-chain analytics platform Glassnode supports these claims.
AI Sentiment: Positive
