NewsBTC •
June 5, 2026 at 05:20 •
Analysis
Bitcoin has experienced significant selling pressure following a 16% drop since Monday — a decline that has compressed the recovery from the cycle lows and forced a reassessment of where the market’s structural support actually lies. Against that backdrop, CryptoQuant analyst Woominkyu has identified a signal in the mining data that places the current weakness in a historical context that spans the entirety of Bitcoin’s market cycle history. Related Reading: Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels The 30-day moving average of Bitcoin’s hashrate has turned downward alongside the price decline. Woominkyu frames the significance of that development with a precision that separates it from routine data monitoring. Hashrate is not simpl...
