Bitcoin’s mining difficulty has reached an all-time high, indicating miners’ confidence in the profitability of mining. The network hash rate also reached a 4-month high, showing increased computational power dedicated to validating transactions and securing the network. This increase is seen as a positive sign for the security and decentralization of the network. Miners’ optimistic expectations and delayed selling of assets have contributed to the rise in mining difficulty. The total supply stored in miner addresses has reached a monthly high. Miners’ optimism is refreshing in a period of low earnings for miners. However, readers should conduct their own research before making any investment decisions.
AI Sentiment: Positive